New Delhi: The retail inflation rose to 7.35 per cent in December 2019 as compared to 5.54 per cent in the previous month, the government data said on Monday.
The spike in retail inflation is attributed to high food prices. This also marks a spike in inflation from November when the retail inflation was 5.54 per cent.
According to NSO data, food inflation has jumped significantly to 14.12 per cent from 10.01 per cent in November 2019. It is worth mentioning that vegetable inflation rose to 60.5 per cent in December compared to 36 per cent in November.
The central government has mandated the Reserve Bank of India to keep inflation in the range of 4% with a margin of 2% on the either side.
