CPI Retail Inflation rises to 5.21 % – December 2017

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india inflation cpi 2017

CPI Retail Inflation rises to 5.21 % – December 2017

 

  • The Central Statistical Office(CSO) recently reported the Consumer price index (CPI) retail inflation for India, its rises to 5.21 % in the month of December 2017.

 

  •  India’s retail inflation for december 2017 is at 5.21 percent, and for the November at 4.88 percent, the october had its 3.58 %.

 

  • The current inflation of December as it had the 17 month high, since in the mid of august, 2016.

 

  • Food and beverages stood at 4.85 %, Clothing and footwear at 4.8 percent, and the housing, energy with 8.25 percent and 7.90 % respectively.

 

  • Earlier, the Reserve Bank of India’s (RBI) expected inflation for the second half of the financial year 2018, is between 4.3 to 4.7 percent. But it had crossed the expectation mark.

 

  • So, may the RBI changes the rates in the upcoming policy meeting. The next meeting for the policy will held on February 7, 2017.

 

  • As the RBI’s expectation is not well, but the SBI said, it had the expectation of inflation between 5.0 to 5.2 percent for the December, 2017.

 

india inflation cpi 2017

(image and data courtesy: tradingeconomics.com)

 

  • The data above taken from the Trading Economics Website and source declared by the Ministry of Statistics and programme implementation (MOSPI).

 

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