For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Retail Inflation Surges To 7.35% For Dec 2019

|

Retail inflation surged to 7.35 per cent, way above the comfort zone of the RBI's Monetary Policy Committee target of 4 per cent.The retail inflation based on Consumer Price Index (CPI) was 2.11 per cent in December 2018 and 5.54 per cent in November 2019.

According to data released by the Government, food inflation rose to 14.12 per cent in December as against (-) 2.65 per cent in the same month of 2018. It was 10.01 per cent in November 2019.

 

The central government has mandated the Reserve Bank of India to keep inflation in the range of 4 per cent with a margin of 2 per cent on the either side.

Retail Inflation Surges To 7.35% For Dec 2019

Today's reading may prompt the Reserve Bank of India to hold interest rates steady, in the next polisy meeting to be heldd in Feb 2020.

Read more about: retail inflation rbi
Story first published: Monday, January 13, 2020, 18:22 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
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