Which items saw highest & lowest inflation in January?
As we step into the new year, the ongoing economic trends and global situations have significant implications on the prices of essential commodities. Inflation rates, in particular, have been a topic of concern for many individuals and businesses. In this blog post, we will delve into 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.
According to a recent report by Moneycontrol, the top five items showing the highest year-on-year inflation in January 2025 are:
- Coconut oil (54.20%): Coconut oil has seen a staggering 54.20% year-on-year inflation, making it the top item on the list. This significant increase in price is attributed to the rise in demand for the commodity, coupled with the availability constraints faced by producers.
- Potato (49.61%): Potatoes have seen a 49.61% year-on-year inflation, making it the second-highest item on the list. The increase in demand for potatoes, particularly in the wake of the COVID-19 pandemic, has contributed to the significant price hike.
- Coconut (38.71%): Coconut, a staple ingredient in many Indian households, has seen a 38.71% year-on-year inflation. The increase in demand for coconut products, such as coconut oil and coconut milk, has driven up the prices of the commodity.
- Garlic (30.65%): Garlic, a key ingredient in many Indian dishes, has seen a 30.65% year-on-year inflation. The increase in demand for garlic, particularly in the wake of the COVID-19 pandemic, has contributed to the significant price hike.
- Peas (vegetables) (30.17%): Peas, a popular vegetable in many Indian households, have seen a 30.17% year-on-year inflation. The increase in demand for peas, particularly in the wake of the COVID-19 pandemic, has driven up the prices of the commodity.
On the other hand, the key items having the lowest year-on-year inflation in January 2025 are:
- Jeera (-32.25%): Jeera, a type of cumin, has seen a significant 32.25% year-on-year deflation. The decrease in demand for jeera, coupled with the increased supply of the commodity, has driven down its prices.
- Ginger (-30.92%): Ginger, a key ingredient in many Indian dishes, has seen a 30.92% year-on-year deflation. The decrease in demand for ginger, coupled with the increased supply of the commodity, has driven down its prices.
- Dry chillies (-11.27%): Dry chillies, a popular spice in many Indian households, have seen an 11.27% year-on-year deflation. The decrease in demand for dry chillies, coupled with the increased supply of the commodity, has driven down its prices.
- Brinjal (-9.94%): Brinjal, a type of eggplant, has seen a 9.94% year-on-year deflation. The decrease in demand for brinjal, coupled with the increased supply of the commodity, has driven down its prices.
- LPG (-9.29%): LPG, a popular cooking gas, has seen a 9.29% year-on-year deflation. The decrease in demand for LPG, coupled with the increased supply of the commodity, has driven down its prices.
It is essential for individuals and businesses to stay informed about the latest inflation rates and trends to make informed decisions about their investments and expenses. The data provided by Moneycontrol is a valuable resource for anyone looking to stay ahead of the curve in the ever-changing economic landscape.
