India

Big rise in retail inflation

New Delhi. There has been a big increase in the retail inflation rate in the month of December. Retail inflation rose to 5.59 per cent in December due to increased food inflation. It was 4.91 per cent in the month of November. The prices of pulses in food items decreased but due to increase in the prices of other items, the inflation rate increased. Along with the inflation data, the industrial production data has also been released. Industrial production grew at 1.4 per cent in November. Last year this month the rate of industrial production was minus 1.6 per cent. However, in October this year, the rate was 3.2 per cent. In a month, it came down to less than half.

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However, according to the data released on Wednesday, the inflation rate is within the limits set by the Reserve Bank of India, RBI. The RBI has fixed a limit of four per cent but has given two per cent plus and minus space. According to the latest data released by the government, food inflation rose to 4.05 per cent in December from 1.87 per cent in November.

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