New Delhi. Retail inflation rose to a five-month high of 5.59 per cent in the month of December due to increase in the prices of food items of the country. It was 4.91 percent in the last month i.e. November. Apart from this, the production of factories in India has also registered an increase of 1.4 percent. The National Statistical Office (NSO) presented these separate figures on Wednesday.
Consumer Price Index (CPI) based retail inflation stood at 4.91 per cent in November, 2021 and 4.59 per cent in December, 2020. According to data released by the National Statistical Office, food inflation rose to 4.05 per cent in December from 1.87 per cent in the previous month.
Also read – Maya of stock market: Company in severe loss, but shares climbed 12,800 percent in 2 years
The Reserve Bank mainly looks at retail inflation data in the bi-monthly monetary review. The central bank believes that the inflation figure will remain high for the remaining period of the financial year due to the unfavorable base effect. According to the Reserve Bank, gross inflation will be at its highest level in the fourth quarter of the current financial year. From then on it will come down.