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Rising food prices push India's December retail to 17-month high

Reuters  |  NEW DELHI 

By Manoj KumarNEW DELHI (Reuters) - Rising food prices pushed India's retail inflation to a 17-month high in December, breaching the central bank's medium-term target for the second straight month, which could intensify pressure for it to raise policy rates in the next few months.India's measure of consumer price inflation, the CPI index, rose 5.21 percent in December from a year earlier, the Ministry of Statistics said on Friday.Analysts polled by Reuters had predicted December's consumer inflation rate would climb to 5.10 percent, the highest since July 2016, from 4.88 percent in ...

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First Published: Fri, January 12 2018. 18:20 IST
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