For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

CPI Inflation Logs 18-Month Low At 2.19% On Low Food Inflation

|

Weak food and fuel prices has moved the December retail inflation measured by CPI inflation to 18-month low of 2.19% vs 2.33% for the month of November. The figure has come in lower than analysts estimates. WPI Inflation also recorded a lower value of 3.8%.

The inflation has stood well below the RBI's target helping the central bank keep interest rate steady.

CPI Inflation Logs 18-Month Low At 2.19% On Low Food Inflation
 

CPI inflation for food items has been recorded at -2.51% vs -2.61% in November during the month under review. Also fuel and power inflation also came in lower at almost of 4.54%. Vegetable inflation also fell in line to -16.14% vs -15.59% in November.

And with some of the global concerns receding , still there remains some geo-political and economic concerns that led the RBI to revise its inflation outlook to 4.8% for the first quarter of next fiscal.

GoodReturns.in

Read more about: inflation cpi inflation rbi
Story first published: Monday, January 14, 2019, 18:05 [IST]
Company Search
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more