Continuous softening CPI inflation will boost consumer demand and stimulate production activity in the country, said Mr. Hemant Jain, President, PHD Chamber of Commerce and Industry in a press statement issued here today.
The CPI inflation has fallen from 6.2% in October 2024 to 5.4% in November 2024, to 5.2% in December 2024 and 4.3% in January 2025, he said.
Softening inflation trajectory is backed by easing prices of food and beverages from 7.6% in December 2024 to 5.6% in January 2025, said Mr. Hemant Jain.
Inflation in clothing and footwear segment also softened from 2.7% in December 2024 to 2.6% in January 2025, said Mr. Hemant Jain.
Going ahead, assuming a normal monsoon and good kharif production, we expect the CPI inflation to remain well within the RBI’s target band, said Mr. Hemant Jain.