Team Blitz India
NEW DELHI: India’s retail inflation rose to a four-month high of 5.69 per cent in December 2023. In November, it was 5.55 per cent. In December last year, the retail inflation was 5.72 per cent.
The jump in inflation was due to a rise in food prices. The food inflation came in at 9.53 per cent in December. In December last year, it was 4.19 per cent. In November 2023, it was 8.7 per cent.
In the latest bi-monthly monetary policy announcement, the Reserve Bank of India (RBI) Governor Shaktikanta Das said that in coming months, the inflation outlook would be influenced by uncertain food prices.
“High frequency food price indicators point to an increase in prices of key vegetables which may push CPI inflation higher in the near-term. The ongoing rabi sowing progress for key crops like wheat, spices and pulses needs to be closely monitored. Elevated global sugar prices is also a matter of concern,” he said.
