India's retail inflation, which is measured by the Consumer Price Index (CPI), rose to a five-month high 5.59% in the month of December. The Consumer Food Price Index (CFPI) or the inflation in the food basket also spiked on-month during December to 4.05%, from 1.87% in November. The surge in the food basket was due to a sharp rise in prices of oils and fats which climbed 24.32% on year in December.
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