Janjivan Bureau / New Delhi: Retail inflation rose to about five-and-a-half-year high of 7.35% in December 2019, surpassing the RBI’s comfort level, mainly due to spiralling prices of vegetables as onions were selling costlier.
- The spike in inflation in the vegetable segment was 60.5%
- The overall retail inflation based on CPI was 2.11% in December 2018 and 5.54% in November 2019
- The previous high in retail inflation was witnessed at 7.39% in July 2014
As per data released by National Statistical Office (NSO) today, the spike in inflation in the vegetable segment was 60.5% during the month compared to December 2018. The overall retail inflation based on Consumer Price Index (CPI) was 2.11% in December 2018 and 5.54% in November 2019.
The overall food inflation rose to 14.12% in December as against (-) 2.65% in the same month of 2018. The food inflation was 10.01% in November 2019.
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The previous high in retail inflation was witnessed at 7.39% in July 2014.
