Which items saw highest & lowest inflation in January?
The month of January 2025 has come and gone, leaving us with a plethora of economic indicators and data points to analyze. Amidst the sea of numbers, one particular statistic has caught our attention – the inflation rate for various essential items. According to the latest data, some items have seen a significant surge in prices, while others have experienced a slight decline. In this blog post, we’ll take a closer look at the top five items showing the highest year-on-year inflation at the all-India level in January 2025, as well as the key items with the lowest year-on-year inflation during the same period.
Highest Inflation Items
A quick glance at the data reveals that some everyday items have seen a substantial increase in prices. Here are the top five items showing the highest year-on-year inflation at the all-India level in January 2025:
- Coconut oil: With an inflation rate of 54.20%, coconut oil takes the top spot. This significant increase in price is likely attributed to the rising demand for healthy and sustainable alternatives, combined with supply chain disruptions.
- Potato: Coming in second is potato, with an inflation rate of 49.61%. This staple food item has seen a notable price hike, which may be due to factors such as weather conditions, transportation costs, and demand-supply imbalance.
- Coconut: Coconut, a popular ingredient in many cuisines, has seen an inflation rate of 38.71%. This increase in price may be linked to factors such as climate change, pest attacks, and trade restrictions.
- Garlic: With an inflation rate of 30.65%, garlic has also experienced a significant price surge. This may be attributed to factors such as crop diseases, supply chain disruptions, and high demand.
- Peas: Rounding out the top five is peas, with an inflation rate of 30.17%. This increase in price may be linked to factors such as weather conditions, pest attacks, and high demand.
Lowest Inflation Items
On the other hand, some essential items have seen a decline in prices. Here are the key items with the lowest year-on-year inflation in January 2025:
- Jeera: With an inflation rate of -32.25%, jeera (cumin seeds) has seen a significant decline in price. This may be attributed to factors such as a rise in domestic production, reduced imports, and supply chain efficiencies.
- Ginger: Coming in second is ginger, with an inflation rate of -30.92%. This decline in price may be linked to factors such as increased domestic production, reduced imports, and improved supply chain management.
- Dry chillies: With an inflation rate of -11.27%, dry chillies have also experienced a price decline. This may be attributed to factors such as a rise in domestic production, reduced imports, and improved supply chain management.
- Brinjal: Rounding out the top four is brinjal (eggplant), with an inflation rate of -9.94%. This decline in price may be linked to factors such as increased domestic production, reduced imports, and supply chain efficiencies.
- LPG: Finally, LPG (Liquefied Petroleum Gas) has seen an inflation rate of -9.29%. This decline in price may be attributed to factors such as reduced global demand, increased domestic production, and supply chain efficiencies.
Conclusion
In conclusion, January 2025 has seen a mixed bag of inflation rates for various essential items. While some items have experienced a significant surge in prices, others have seen a decline. As we move forward, it will be essential to monitor these trends and identify the underlying factors driving these changes. By doing so, we can better understand the impact of inflation on our daily lives and make informed decisions about our spending habits.
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