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The inflation based on Consumer Price Index (CPI) was 5.48 per cent in November and 5.69 per cent in December 2023.
The CPI (General) and food inflation in December 2024 is the lowest in the last four months
Retail inflation slowed to a four-month low of 5.22% in December compared to 5.48% in November, mainly due to the easing of prices in food basket, according to government data released on Monday.
The inflation based on the Consumer Price Index (CPI) was 5.48% in November and 5.69% in December 2023.
According to CPI data released by the National Statistics Office (NSO), the inflation in the food basked reduced to 8.39% in December. It was 9.04% in November and 9.53% in December 2023.
“The CPI (General) and food inflation in December 2024 are 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% from 4.5%. It also said the lingering food price pressures are likely to keep headline inflation elevated in the December quarter.
The CPI-based headline inflation increased from an average of 3.6% during July-August to 5.5% in September and further to 6.2% in October 2024.
(With agency inputs)
