Aug 02, 2022

Dec inflation at 15-month low but Nov IIP contracts; experts weigh in

Declining vegetable prices brought down the retail inflation to a 15-month low of 4.59 percent in December and within the comfort zone of the Reserve Bank, government data showed on Tuesday. It is for the first time during the current fiscal that the Consumer Price Index (CPI) based inflation print is below 6 per cent or in the RBI’s target range of 2 to 6 percent.

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