Consumer Price Index inflation falls again in December, hits 1-year low of 5.72%
India's retail inflation eased to 5.72 percent in December on an annual basis as against 5.88 percent in November, 2022. according to data published by the ministry of statistics and programme implementation on January 12.
India's retail inflation eased to 5.72 percent in December on an annual basis as against 5.88 percent in November, 2022. according to data published by the ministry of statistics and programme implementation on January 12.
The consumer price index measures retail inflation by examining the changes in prices of most common consumer goods and services. It is calculated for a fixed list of items including food, housing, apparel, transportation, electronics, medical care, education, etc.
According to a poll by CNBC-TV18, CPI in December was projected at 5.84 percent against 5.88 percent in the preceding month and 5.59 percent in the year-ago period.
CPI stood at 5.88 percent in November against 6.77 percent in the preceding month and 4.91 percent in the year-ago period.
Vegetables are witnessing a seasonal decline in winter. Vegetable prices declining could be offset by sustained inflation in cereals. Pulses, oils, fats prices moderated month-on-month, and milk prices have risen. Food inflation is likely to remain largely unchanged. Core CPI continued to remain sticky led by services inflation.
First Published: Jan 12, 2023 5:09 PM IST
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