December Retail Inflation Back To The Comfort Zone, Says Anand Rathi
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Anand Rathi Report
Retail inflation in India during December 2020 declined to 4.6%, from 6.9% the month prior. This was the lowest since September 2019.
With this, retail inflation in India has returned to the Reserve Bank Of India’s comfort zone - for the first time since March 2020.
Food inflation declined from 9.5% in November 2020 to3.4% in December. This was driven mainly by vegetables, which turned around from 16% inflation in November to 10% deflation in December.
Core inflation in December declined slightly to 5.7%, from 5.8% the previous month.
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