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India’s retail inflation drops to 4.59 % in December

According to data released by the Ministry of Statistics & Programme Implementation, food inflation declined to 3.41% in December in 2020, compared to 9.5% in November.

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New Delhi: Retail inflation fell sharply to 4.59 per cent in December, mainly due to declining food prices, government data showed on Tuesday.

Retail inflation based on the Consumer Price Index (CPI) was 6.93 per cent in November.

Food inflation declined to 3.41 per cent in December in 2020, compared to 9.5 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation.

The Reserve Bank of India (RBI) factors in retail inflation while arriving at its monetary policy.


Also read: With inflation set to moderate, RBI could go back to easing interest rates again


 

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