Annual CPI inflation in India has slowed further, to 5.22% in December from 5.48% in November, data showed on Monday.In comparison, a consensus of analyst estimates had pointed to a slowdown to 5.3%.T
India CPI inflation eases to 5.2% in December
Annual CPI inflation in India has slowed further, to 5.22% in December from 5.48% in November, data showed on Monday.
In comparison, a consensus of analyst estimates had pointed to a slowdown to 5.3%.
The inflation rate has remained within the Reserve Bank of India’s medium-term target range of 2%-6%.
Food inflation in the country slowed to 8.39% in December from 9.04% in November.
In addition, cost of housing rose at a slower pace, by 2.71% YoY compared to 2.87% YoY in November.
And, deflation slowed for fuel and light (-1.39% YoY compared to -1.83% YoY in November).
The Indian Rupee plunged to a fresh record low of 86.6620 per US Dollar on Monday and was last trading at 86.6460 per USD.
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