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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.

Read more about: inflation cpi inflation rbi
Story first published: Monday, January 14, 2019, 18:05 [IST]
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