Question: What percent was the retail inflation rate of India as per Consumer Price Index in December 2018 featured as 18 months lowest?
- As per data released by the Ministry of Statistics and Programme Implementation, the retail inflation in December 2018 based on the Consumer Price Index (CPI) continued the downward trend and going to 2.19%, an 18 months low. It was 2.33% in November 2018 and 5.21% in December 2017.
- The retail inflation has been lower than the RBI’s medium target of 4% for the fifth straight month. This happened due to recent decline in crude prices and appreciation of rupee against dollar.
- The wholesale inflation also slipped down to an eight months low of 3.80% in December 2018.
- However, Industrial growth has slowed down to 0.5% in November 2018 as per sources. CPI food price index fell 2.51% in December over last year.