Retail inflation rises to 5.59% in December as against 4.91% in November

NEW DELHI: Retail inflation based mostly on shopper worth index (CPI) jumped to five.59 per cent for the month of December, knowledge launched by authorities confirmed on Wednesday.
The inflation determine for the month of November was recorded at 4.91 per cent.
The Reserve Financial institution of India (RBI) primarily components in retail inflation whereas arriving at its bi-monthly coverage.
Reserve Financial institution’s financial coverage committee (MPC) has been tasked by the federal government to tame retail inflation based mostly on shopper worth index (CPI) at 4 per cent (+,-2 per cent).
The RBI left its repo price unchanged at 4% for a ninth consecutive coverage assembly final month, sticking to its concentrate on financial development as India nonetheless faces challenges from the coronavirus pandemic.