New Delhi: Annual of India retail inflation Growth rose to 5.69% in December from 5.55% in the previous month, mainly due to higher food prices, according to government data on Friday.
Inflation based on Consumer Price Index (CPI) stood at 5.55% in November 2023 and 5.72% in December 2022. Inflation reached a high of 6.83% in August 2023.
According to data released by the National Statistical Office (NSO), retail inflation in the food basket stood at 9.53% in December 2023, up from 8.7% in the previous month and 4.9% in the year-ago month.
The government has tasked the Reserve Bank of India to ensure that retail inflation remains at 4% with a margin of 2% on either side.
(This is a developing story)
Inflation based on Consumer Price Index (CPI) stood at 5.55% in November 2023 and 5.72% in December 2022. Inflation reached a high of 6.83% in August 2023.
According to data released by the National Statistical Office (NSO), retail inflation in the food basket stood at 9.53% in December 2023, up from 8.7% in the previous month and 4.9% in the year-ago month.
The government has tasked the Reserve Bank of India to ensure that retail inflation remains at 4% with a margin of 2% on either side.
(This is a developing story)
