NEW DELHI: India’s annual retail inflation rose to 5.69% in December from 5.55% the previous month, mainly on account of higher food prices, government data showed on Friday.
The inflation based on Consumer Price Index (CPI) was at 5.55% in November 2023 and 5.72% in December 2022. In August 2023, inflation had touched a high of 6.83%.
As per the data released by the National Statistical Office (NSO), retail inflation in the food basket was at 9.53% in December 2023, up from 8.7% in the preceding month and 4.9% in the year-ago month.
The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4% with a margin of 2% on either side.
(This is a developing story)
The inflation based on Consumer Price Index (CPI) was at 5.55% in November 2023 and 5.72% in December 2022. In August 2023, inflation had touched a high of 6.83%.
As per the data released by the National Statistical Office (NSO), retail inflation in the food basket was at 9.53% in December 2023, up from 8.7% in the preceding month and 4.9% in the year-ago month.
The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4% with a margin of 2% on either side.
(This is a developing story)