 "food, vegetables, inflation, price rise")
The consumer price index (CPI)-based inflation rate moderated to 4.59 per cent in December, down from 6.93 per cent in November and 7.61 per cent in October, which was a six-year high. This happened because of a sharp fall in food inflation from 9.5 per cent in November to 3.4 per cent in December, the lowest since August 2019.
The decline in food inflation was brought about by a favourable base effect in vegetables. In December 2019, vegetable inflation recorded its peak (under the current CPI series) at a staggering 60 per cent. Such a high base resulted in
The decline in food inflation was brought about by a favourable base effect in vegetables. In December 2019, vegetable inflation recorded its peak (under the current CPI series) at a staggering 60 per cent. Such a high base resulted in
