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Retail Inflation Sees Remarkable Decline In December, Can RBI Think Of Cutting Rates Further?

Retail inflation sees remarkable decline in December, can RBI think of cutting rates further? The Consumer Food Price Index (CFPI) or the inflation in the food basket eased to 3.41 percent in the month of December, down from 9.50 percent in November. January 13, 2021 / 09:21 AM IST India s Consumer Price Index (CPI), which measures the country s retail inflation, eased to 4.59 percent in December versus 6.93 percent in November. This month s CPI has fallen within the Reserve Bank of India’s (RBI) upper margin of 6. The Consumer Food Price Index (CFPI) or the inflation in the food basket eased to 3.41 percent in the month of December, down from 9.50 percent in November, as per the data.

India IIP Contracts 1 9% In November 2020 Versus 3 6% Expansion In October

India IIP contracts 1.9% in November 2020 versus 3.6% expansion in October The previous high recorded was in February 2020, when IIP rose 5.2 percent, while it plunged to 0.48 to percent in September 2020 following the dry months after the COVID-19 lockdown. The IIP for November last year grew 2.1 percent. Representative Image The Index of Industrial Production (IIP) contracted 1.9 percent for November 2020, showed the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on January 12. The factory output in the country had grown at 3.6 per cent in October. The previous high recorded was in February 2020, when IIP rose 5.2 percent, while it plunged to 0.48 to percent in September 2020 following the dry months after the COVID-19 lockdown. On a year-on-year basis, the IIP for November in 2019 grew 2.1 percent.

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