Retail inflation declines to 4.59% in December from 6.93% in November: Govt

Retail inflation based on the Consumer Price Index (CPI) was 6.93 per cent in November.

Retail inflation fell sharply to 4.59 per cent in December, mainly due to declining food prices, government data showed on Tuesday.

Retail inflation declines to 4.59% in December from 6.93% in November (Reuters File Photo )

Retail inflation based on the Consumer Price Index (CPI) was 6.93 per cent in November.

Food inflation declined to 3.41 per cent in December in 2020, compared to 9.5 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation.

The Reserve Bank of India (RBI) factors in retail inflation while arriving at its monetary policy.