Retail inflation inches up to four-month high of 5.69% in December

New Delhi: Retail inflation inched up marginally to a four-month high of 5.69 per cent in December 2023, mainly on account of higher food prices, according to official data released Friday.

The inflation based on Consumer Price Index (CPI) was at 5.55 per cent in November 2023 and 5.72 per cent in December 2022.

Also Read

Unnao rape case: Protest outside Delhi HC against suspension of Sengar’s jail term

3 hours ago

Air pollution: Delhi HC asks Centre to file reply on plea to reduce GST on air purifiers in national capital

3 hours ago

In August 2023, inflation touched a high of 6.83 per cent.

As per the data released by the National Statistical Office (NSO), retail inflation in the food basket was at 9.53 per cent in December 2023, up from 8.7 per cent in the preceding month and 4.9 per cent in the year-ago month.

The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

PTI