Retail inflation surges to over 5-year high of 7.35% in December

Food inflation shot up to 14.12 per cent in December from 10.01 per cent in November on account of rising prices of vegetables and pulses

Retail inflation surged to an over five-year high in December on the back of rising food prices, breaching the Reserve Bank of India’s (RBI) upper tolerance limit of 6 per cent at the time of economic growth slowdown. Inflation based on the consumer price index (CPI) rose to 7.35 per cent in December, against 5.54 per cent in the previous month and 2.18 per cent in December 2018, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Monday. December inflation was the highest since July 2014, when it stood at 7.39 per cent. The CPI last