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Home Business Retail inflation drops to 4.59 pc in December, says govt. data

Retail inflation drops to 4.59 pc in December, says govt. data

Retail inflation primarily based on the Consumer Price Index (CPI) was 6.93% in November.

Retail inflation fell sharply to 4.59% in December, primarily due to declining meals costs, authorities data confirmed on Tuesday.

Retail inflation primarily based on the Consumer Price Index (CPI) was 6.93% in November.

Food inflation declined to 3.41% in December in 2020, in contrast to 9.5% in the earlier month, in accordance to the data launched by the Ministry of Statistics and Programme Implementation.

The Reserve Bank of India (RBI) elements in retail inflation whereas arriving at its financial coverage.

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