Dec retail inflation rises to 6-month high of 5.59%; Nov IIP growth at 1.4%

Higher telecommunications charges and food prices, along with a comparatively low base one year ago, drove Indian retail inflation to a six-month high of 5.59% in December, showed government data on Wednesday. This is closer to RBI's upper tolerance limit of 6%.

The Consumer Price Index (CPI) based retail inflation was 4.91% in November 2021 and 4.59% in December 2020.

As per the data released by the National Statistical Office (NSO), food inflation rose to 4.05% in December this fiscal compared to 1.87 per cent in the preceding month.

The RBI left its repo rate unchanged at 4% for a