Image Source : PTI Retail inflation drops to 4.59 per cent in December: Govt knowledge
Retail inflation fell sharply to 4.59 per cent in December, primarily resulting from declining meals costs, authorities knowledge confirmed on Tuesday. Retail inflation primarily based on the Consumer Price Index (CPI) was 6.93 per cent in November.
Food inflation declined to three.41 per cent in December in 2020, in comparison with 9.5 per cent within the earlier month, in accordance with the info launched by the Ministry of Statistics and Programme Implementation.
The Reserve Bank of India (RBI) elements in retail inflation whereas arriving at its financial coverage.
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