NEW DELHI: Retail inflation eased to 4.59% in December from a year ago, mainly helped by a sharp fall in vegetable prices, government data released on Tuesday showed, falling within the central bank’s target of 2-6% after eight months.
The figure based on the Consumer Price Index (CPI) stood at 6.93% in November.
Analysts in a Reuters poll had predicted an annual inflation at 5.28% for the month.
Food inflation declined to 3.41% in December in 2020, compared to 9.5% in the previous month, according to the data released by the ministry of statistics and programme implementation.
The Reserve Bank of India (RBI) factors in retail inflation while arriving at its monetary policy.