December retail inflation climbs to five-month high

13 January 2022, Mumbai:

India's retail inflation accelerated to a five-month high in December, but the central bank is widely expected to hold on to key policy rates next month amid concerns the fast-spreading Omicron variant of COVID may impact economic activities.

Consumer prices (INCPIY=ECI), buoyed by rising prices of food and manufactured items, rose 5.59% in December from a year earlier and compared with 4.91% in the previous month, Ministry of Statistics data showed on Wednesday.

REUTERS  (The news article has not been edited by DFU Publications staff)

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