India’s retail inflation fell sharply to 4.59 per cent in December, primarily as a result of declining meals costs, authorities information confirmed. Retail inflation based mostly on the Consumer Price Index (CPI) was 6.93 per cent in November.
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Food inflation declined to 3.41 per cent in December in 2020, in comparison with 9.5 per cent within the earlier month, in accordance with the info launched by the Ministry of Statistics and Programme Implementation. The Reserve Bank of India (RBI) elements in retail inflation whereas arriving at its financial coverage.
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