दिसंबर में खुदरा महंगाई दर 7.3% के उच्च स्तर पर – द हिंदू

दिसंबर में खुदरा महंगाई दर 7.3% के उच्च स्तर पर – द हिंदू

दिसंबर में खुदरा महंगाई दर 7.3% के उच्च स्तर पर – द हिंदू


Translating…

As per the government data, the food inflation rose to 14.12% in December 2019.

As per the government data, the food inflation rose to 14.12% in December 2019.   | Photo Credit: The Hindu

more-in

The retail inflation based on Consumer Price Index (CPI) was 2.11% in December 2018 and 5.54% in November 2019.

Retail inflation soared to a five and a half year high of 7.35% in December 2019, with the shortage of onions driving the surge.

According to information released by the National Statistical Office on Monday, retail inflation based on the Consumer Price Index was only 2.11% in December 2018 and 5.54% in November 2019.

The last time retail inflation was this high was the 7.39% recorded in July 2014, just after Prime Minister Narendra Modi began his first term in office.

The hike in inflation in the ‘vegetables’ category was at 60.5% last month in comparison to December 2018. Onion prices were above the Rs. 100 per kg mark in many major cities last month, due to a 26% fall in production.

Overall, food inflation rose to 14.12 per cent in December as against a negative rate of -2.65 per cent in the same month of the previous year. It was also significantly higher than the 10.01% recorded in November 2019. Along with vegetables, high prices of pulses, meat and fish also contributed to last month’s spike.

The Centre has mandated the Reserve Bank of India to keep inflation in the range of 2-6%. The RBI, which mainly factors in the CPI based inflation, is scheduled to announce its next bi-monthly monetary policy on February 6. In its December policy, the central bank, which had been reducing rates, had kept the repo rate unchanged citing inflationary concerns.

(with inputs from PTI)

You have reached your limit for free articles this month.

Register to The Hindu for free and get unlimited access for 30 days.

Sign up for a 30-day free trial. Sign Up

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Not convinced? Know why you should pay for news.

*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.

SUBSCRIBE TO OUR DAILY NEWSLETTER

Please enter a valid email address.

  1. Comments will be moderated by The Hindu editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not ‘the’, n is not ‘and’).
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.

Printable version | Jan 13, 2020 11:43:40 PM | https://www.thehindu.com/business/Economy/retail-inflation-jumps-to-735-in-december-crosses-rbis-comfort-level/article30558427.ece

© THG PUBLISHING PVT LTD.