Retail inflation inched up marginally to a four-month excessive of 5.69 per cent in December 2023, primarily on account of upper meals costs, based on official knowledge launched on Friday.
The inflation based mostly on Shopper Value Index (CPI) was at 5.55 per cent in November 2023 and 5.72 per cent in December 2022.
In August 2023, inflation touched a excessive of 6.83 per cent.
As per the information launched by the Nationwide Statistical Workplace (NSO), retail inflation within the meals basket was at 9.53 per cent in December 2023, up from 8.7 per cent within the previous month and 4.9 per cent within the year-ago month.
The Reserve Financial institution of India has been tasked by the federal government to make sure retail inflation stays at 4 per cent with a margin of two per cent on both aspect.
