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Retail inflation at lowest in 4 months, food prices ease
Mint Mumbai
|January 14, 2025
The CPI rose 5.22% in December, down from 5.48% in November and 5.69% a year ago
India's retail inflation eased to a four-month low in December, driven by a slower increase in food prices, according to provisional government data released on Monday.
Retail inflation, based on the Consumer Price Index (CPI), rose 5.22% in December, down from 5.48% in November and 5.69% a year ago, ministry of statistics & programme implementation (MoSPI) data showed.
The latest retail inflation figure was within the Reserve Bank of India's (RBI's) medium-term target of 2-6%.
Food inflation, a persistent challenge, rose 8.39% annually in December compared to 9.04% in the previous month, and 9.53% in the year-ago period.
Food inflation rose by 10.87% in October, 9.24% in September, and 5.66% in August.
A Mint poll of 25 economists had estimated retail inflation at a four-month low of 5.3% in December, driven by the seasonal decline in food prices.
The survey, however, cautioned that despite the expected easing, concerns over food price volatility will likely continue.
This story is from the January 14, 2025 edition of Mint Mumbai.
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