India’s Dec retail inflation soars to 5 pct in December as food prices rise

Retail inflation moved up marginally to 5 per cent in December as prices of some food items, including fruits and vegetables, increased.

In November, retail inflation based on the Consumer Price Index (CPI) was at 4.38 per cent — the lowest level since government started computing the new series of data in January 2012.

“This assumes importance as investments have not shown a significant pick up and consumer durables continue to show a muted performance,” the industry body said.

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