Retail Inflation at 5.5 Year High | Vegetables 60% Expensive
Retail inflation touches 6 year high in the month of December as per the data released by Ministry of Statistics & Programme Implementation. India's retail inflation picks up to 7.35 percent (Base 2012 = 100) in December from 5.54 percent in November (Final) as CFPI (Consumer Food Price Index) i.e Food further increases to 14.12 percent from 10.01 percent specially the vegetable price in urban market recorded huge 75 percent rise and in rural market recorded 53.37 percent rise.
Inflation in rural area rises to 7.27 percent against previous month's 5.27 percent and in urban area CPI (Consumer Price Index) rises to 7.46 percent against previous month's 5.76 percent.
Last time this much high inflation was recorded in July 2014. It was at 7.39 percent.
Stay tuned for more updates. Feel free to comment.
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Inflation in rural area rises to 7.27 percent against previous month's 5.27 percent and in urban area CPI (Consumer Price Index) rises to 7.46 percent against previous month's 5.76 percent.
Last time this much high inflation was recorded in July 2014. It was at 7.39 percent.
Stay tuned for more updates. Feel free to comment.
This blog is now on Telegam. For reports on Economics, Current Affairs and more, subscribe this blog on Telegam.
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