India’s Retail Inflation Jumps to 5.59 Per Cent in December 2021 from 4.91 Per Cent in November

India's annual retail inflation jumped to 5.59% in December from 4.91% in the previous month, pushed up by rising prices of manufactured items, government data released on Wednesday showed.

Updated: January 12, 2022 6:09 PM IST

By India.com News Desk | Edited by Victor Dasgupta

WPI Inflation
खाद्य महंगाई दर 8.47% से बढ़कर 8.71%

New Delhi: India’s annual retail inflation jumped to 5.59 per cent in December from 4.91 per cent in the previous month, pushed up by rising prices of manufactured items, government data showed. India’s factory output, measured in terms of Index of Industrial Production (IIP), also witnessed a growth of 1.4 per cent in November, two separate data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Wednesday.

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The Consumer Price Index (CPI) based retail inflation was 4.91 per cent in November 2021 and 4.59 per cent in December 2020. As per the data released by the National Statistical Office (NSO), food inflation rose to 4.05 per cent in December this fiscal compared to 1.87 per cent 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. According to the RBI, it is expected that headline inflation will peak in the fourth quarter of the current fiscal and soften thereafter.

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Published Date: January 12, 2022 5:54 PM IST

Updated Date: January 12, 2022 6:09 PM IST