Retail inflation declines to 4.59% in December from 6.93% in November: Govt
Retail inflation fell sharply to 4.59 per cent in December, mainly due to declining food prices, government data showed on Tuesday.
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.
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- Founded in Hong Kong but headquartered in Britain, HSBC has historically tried to remain politically neutral. Recently however it has shown support for Beijing, most notably last June when its top executive in Asia signed a petition backing China’s imposition of a national security law on Hong Kong.
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