<h1>India's Retail Inflation Falls to 4.31% in January, Driven by Lower Food Prices, Says Official Data</h1> Retail inflation in India decreased to 4.31% in January, primarily due to reduced food prices, as per official data. This marks a decline from 5.22% in December and 5.1% in January of the previous year. The inflation rate for the food basket dropped to 6.02%, compared to 8.39% in December and 8.3% a year earlier. The Reserve Bank of India has been tasked with maintaining retail inflation at 4%, with a permissible variation of 2% either way.