Retail inflation rose to 5.59% in December

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New Delhi: Retail inflation rose to 5.59 percent in December, mainly due to an uptick in food prices, government data showed on Monday.

The CPI-based retail inflation was 4.91 percent in November 2021 and 4.59 percent in December 2020.

As per the data released by the NSO, food inflation rose to 4.05 percent in December this fiscal compared to 1.87 percent in the preceding month.

The Reserve Bank, which mainly factors in the retail inflation while arriving at its bi-monthly monetary policy, expects the inflation print to be somewhat higher over the rest of the year as base effects turn adverse.

Source- PTI