Zee Media Bureau
New Delhi: Retail inflation rose to 5.61 percent in December, 5th straight month of uptick, compared to 5.41 percent in November.
The Consumer Price Index (CPI) based retail inflation in December last year was at 4.28 percent.
In the rural areas, retail inflation rose to 6.32 percent and for urban sector it was at 4.73 percent during the month.
The Reserve Bank takes into account retail inflation while deciding on its monetary policy. The central banks retail inflation target is 5.8 percent by January 2016.
In its bi-monthly monetary policy review in the beginning of December, RBI Governor Raghuram Rajan had maintained status quo in its key repo rate as retail inflation has been on a rising trend for past few months.
With Agency Inputs