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Retail inflation falls to 4-month low of 5.22%
Millennium Post Delhi
|New Delhi 14January2025
CREATES ROOM FOR RBI'S RATE CUT
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Retail inflation in India dropped to a four-month low of 5.22 per cent in December, primarily driven by a decline in food prices, including vegetables, according to government data released on Monday. The dip provides the Reserve Bank of India (RBI) some flexibility to consider reducing the key interest rate in upcoming monetary policy reviews.
The Consumer Price Index (CPI)-based inflation moderated for the second consecutive month after breaching the RBI's upper tolerance limit of 6 per cent in October. December's inflation rate marked a decline from 5.48 per cent in November and 5.69 per cent in the same period last year.
This story is from the New Delhi 14January2025 edition of Millennium Post Delhi.
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