The annual rate of inflation is 12.96% (Provisional) for the month of January 2022 (over January 2021), which is a continuous decline from 14.87% in November 2021 and 13.56% in December 2021. The high rate of inflation in January 2022 is primarily because of the rise in prices of mineral oils, crude petroleum & natural gas, basic metals, chemicals, chemical products, food articles, etc. as compared to the corresponding month of the previous year.
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