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Retail Inflation: In December 2020, people got great relief from inflation, retail inflation stood at 4. 4.9 percent

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These figures on retail inflation are a great relief to the people of the country, the government and the Reserve Bank of India (RBI), media reports said. Because, it has increased the opportunity to further reduce the interest rate.

Retail inflation: The Indian government said on Tuesday that retail inflation had declined in the last month of December, 2020. Retail inflation, as measured by the Consumer Price Index (CPI) in December, stood at 4,599 percent. Retail inflation was 6.93 per cent in November last year, but fell to 4.99 per cent in December.

These figures on retail inflation are a great relief to the people of the country, the government and the Reserve Bank of India (RBI), media reports said. Because, it has increased the opportunity to further reduce the interest rate.

For information, let me tell you that in October last year, inflation reached its highest level since May 2014. Retail inflation in October was .6..61 percent. According to data released by Modi’s central government, the fall in food prices was mainly due to lower retail inflation.

According to the report, food inflation eased to 3.44 percent in December last year from 9.4 percent in November. It is said that the RBI takes into account retail inflation in its monetary policy decisions.

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