Retail inflation eases to four-month low of 5.22 per cent in December amid falling meals costs – India TV

India’s retail inflation fee, measured by the Shopper Worth Index (CPI) slowed to a four-month low of 5.22 per cent in December in comparison with 5.48 per cent in November, primarily as a result of easing of costs in meals basket, in line with authorities information launched on Monday. 

The inflation primarily based on Shopper Worth Index (CPI) was 5.48 per cent in November and 5.69 per cent in December 2023. This indicated a gradual upward development in inflation over the last two months of 2023, as shoppers confronted increased costs for numerous items and providers.

 Meals basket inflation lowered to eight.39 per cent in December

Based on CPI information launched by the Nationwide Statistics Workplace (NSO), the inflation within the meals basket lowered to eight.39 per cent in December. It was 9.04 per cent in November and 9.53 per cent in December 2023. “The CPI (Common) and meals inflation in December 2024 are the bottom within the final 4 months,” the NSO stated.

Final month, the Reserve Financial institution of India raised the inflation projection for the present fiscal 12 months to 4.8 per cent from 4.5 per cent. It additionally stated the lingering meals value pressures are more likely to preserve headline inflation elevated within the December quarter.

The CPI-based headline inflation elevated from a mean of three.6 per cent throughout July-August to five.5 per cent in September and additional to six.2 per cent in October 2024.

(With PTI inputs)