Image Courtesy: MoneyControl
According to data that was made public on January 12 by the ministry of statistics and programme implementation, India’s headline retail inflation rate decreased to 5.72 percent in December from 5.88 percent the previous month.
The most recent reading on inflation from the Consumer Price Index (CPI) came in lower than the estimate that was compiled by economists.
Inflation was forecast to remain stable in December at 5.9 percent, according to a poll conducted by Moneycontrol.
The Consumer Price Index (CPI) shows that inflation has been decreasing for the past three months in a row. In addition to this, it is the second month in a row that it has come in lower than the upper bound of the mandate that is set by the Reserve Bank of India (RBI), which is between 2 and 6 percent.
The consumer price index’s (CPI) inflation has now exceeded the medium-term target of 4 percent for 39 consecutive months in a row.