Explorer

India's Retail Inflation Eases To 4.59% In Dec 2020, IIP Slips -1.9%: Govt Data

Food inflation declined to 3.41 per cent in December in 2020, compared to 9.5 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation.

New Delhi: Country's retail inflation felt sharply to 4.59 per cent in the month of December 2020, mainly due to decline in food prices. The retail inflation, which is based on the Consumer Price Index (CPI), was 6.93 per cent in the month of November. ALSO READ | Budget 2021: Middle Class To Gain From Higher Tax Deductions; Proposals To Be Presented Next Month Food inflation declined to 3.41 per cent in December in 2020, compared to 9.5 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation. The Reserve Bank of India (RBI) factors in retail inflation while arriving at its monetary policy. The Consumer Food Price Index (CFPI) or the inflation in the food basket for last month came in at 3.41 per cent, down from 9.50 per cent in November 2020. As per reports, 3.41 per cent growth was due to the decline in vegetable prices which slipped -10.41 per cent on-year rise in December. However, prices of all other segments apart from vegetables saw rise in the month of December. The oils and fats witnessed a hike of 20.05 per cent, while eggs prices jumped by 16.08 per cent. Pulses and products prices went up by 15.98 per cent. The meat and fish segment also increased by 15.21 per cent. ALSO READ | Budget Documents Won't Be Printed In 2021 Due To COVID-19, A First Since 1947 Apart from this, India's factory output, measured in terms of Index of Industrial Production (IIP), contracted to 1.9 per cent in November 2020, MoSPI informed on Tuesday. The provisional rural CPI in December 2020 was recorded at 4.07 per cent, down from 7.20 per cent in the previous month. The urban CPI was 5.19 per cent last month, compared with 5.19 per cent in November 2020. The ease in retail inflation for the second consecutive month is a major development as experts believe that it may give an impetus for a rate cut in the next meeting of the Reserve Bank of India's Monetary Policy Committee.
View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
PM Modi Calls Congress A 'Bully' After Lawyers Write To CJI. Here's What He Said
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Roof Collapses During Renovation Work At Chennai Bar, 3 Dead
Arvind Kejriwal To Stay In ED Custody For 3 More Days — A Timeline Of Delhi CM's Battle In Courts
Arvind Kejriwal To Stay In ED Custody For 3 More Days — A Timeline Of Delhi CM's Battle In Courts
Advertisement
for smartphones
and tablets

Videos

Elvish Yadav's reaction on Munawar Faruqui's arrest, Watch Video | HOT NewsNawazuddin Siddiqui And Aliya Fixes Relationship Disbalance For Kids Upbringing | Khabar Filmy HaiRamayana: Sakshi Tanwar dismisses speculations of being a part of the movie, Watch videoWill there be a date clash between Bigg Boss 18 and Lock Up Season 2? | HOT News

Photogallery

Embed widget