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Retail inflation hits 3-year low of 3.41%
Retail inflation eased further to nearly three-year low of 3.41 per cent in December, reflecting weak demand as consumers grappled with cash crunch following demonetisation.
New Delhi : Retail inflation eased further to nearly three-year low of 3.41 per cent in December, reflecting weak demand as consumers grappled with cash crunch following demonetisation. The decline in retail inflation has been mainly on account of falling prices of vegetables and pulses. This is the lowest level at least since January 2014.
The Consumer Price Index (CPI)-based inflation stood at 3.63 per cent in November 2016, as per the data released by the Ministry of Statistics and Programme Implementation. A year ago, in December 2015, retail inflation was at 5.61 per cent.
Inflation in the vegetables category slipped further in the negative territory to (-)14.59 per cent, as against 10.29 per cent in November. Likewise, prices of pulses and products also slipped further in negative territory at (-)1.57 in December.
