Economy
India's Retail Inflation Falls To One Year Low Of 5.72 Per Cent In December
PTI
Jan 12, 2023, 06:09 PM | Updated 06:09 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
New Delhi, Jan 12 (PTI) Retail inflation declined to a one-year low of 5.72 per cent in December 2022, mainly due to softening prices of food items, according to official data released on Thursday.
The Consumer Price Index (CPI) based retail inflation was at 5.88 per cent in November 2022 and 5.66 per cent in December 2021.
As per the data released by the National Statistical Office (NSO), inflation in the food basket was at 4.19 per cent in December as against 4.67 per cent in November.
After remaining above the Reserve Bank of India's upper tolerance threshold of 6 per cent since January 2022, retail inflation declined in November to 5.88 per cent and further in December to 5.72 per cent -- its lowest level in one year.
(This story has been published from a wire agency feed without any modifications to the text. Only the headline has been changed.)
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.