India's CPI Retail inflation to 4.59 Percent in December 2020
India's CPI Retail inflation to 4.59 Percent in December 2020 The Retail inflation is also known as the Consumer Price Index, ended lower than the market expectation in December Last year 2020. It is noteworthy that the RBI has a short term target of 2 to 6 Percent on Retail Inflation. The CPI Retail inflation has been out of control for the past several months, far beyond the Central bank's target. With Bank interest rates falling, the CPI inflation rate had caused some apprehension. But it ended unexpectedly in December 2020 at 4.59 Percent. Earlier it was 6.93 Percent in the month of November 2020. The above December inflation is said to be the lowest rate seen in the last 15 months. This is due to the low prices on Food items. The Food inflation which was 9.50 Percent earlier is now 3.41 Percent in December. Inflation in Pan, Tobacco and intoxicants were only slightly higher at 10.74 Percent. It was 3.21 Percent from 3.19 Percent for the Housing segment on Retail Inflation