Retail inflation slowed to a four-month low of 5.22 per cent in December compared to 5.48 pc in November, mainly due to easing of prices in food basket, according to government data released on Monday.
The inflation based on Consumer Price Index (CPI) was 5.48 per cent in November and 5.69 per cent in December 2023.
According to CPI data released by the National Statistics Office (NSO), the inflation in the food basked reduced to 8.39 per cent in December. It was 9.04 per cent in November and 9.53 per cent in December 2023. "The CPI (General) and food inflation in December 2024 is the lowest in the last four months," the NSO said.
Last month, the Reserve Bank of India raised the inflation projection for the current fiscal year to 4.8 per cent from 4.5 per cent.
