India s Consumer Price Index inflation softened to 4.59% in December 2020 as compared to 6.93% in November and 7.35% in December 2019, according to data released by the Ministry of Statistics and Program Implementation on Tuesday.
The rise in prices in October had been the sharpest since May 2014 when the inflation peaked to 7.61%. The Price data are collected from representative and selected 1114 urban markets and 1181 villages covering all States/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster.
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Updated Jan 12, 2021 | 18:01 IST
Index of Industrial Production (IIP) contracted sharply by 1.9% in November 2020 as against growth of 3.6% in October 2020 and growth of 2.1% in November 2019 Retail inflation eases to 4.59% in December; IIP contracts sharply by 1.9% in November
New Delhi: Retail inflation eased to 4.59% in December 2020. According to data released by the Ministry of Statistics and Program Implementation on Tuesday, Consumer Price Index inflation eased in December compared to 6.93% in November. Note that the rise in prices in October had been the sharpest since May 2014 when the inflation peaked to 7.61%.
Inflation in India has continuously been above the Reserve Bank s upper tolerance band of 6% for the past eight months till November 2020. CPI inflation peaked in October to 7.61% and then fell to 6.93% in November. Retail inflation in the country showed signs of easing in December, led by easing prices of some food items.