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Retail inflation jumps to 7.35% in December as food prices soar

Vegetables inflation for December stood at 60.5 percent against 36 percent in November.

January 13, 2020 / 08:48 PM IST

India's retail inflation rate in December stood at 7.35 percent, according to data released by the Central Statistics Office (CSO) on January 13.

Retail inflation for November was seen at 5.54 percent.

Retail inflation has now breached RBI's medium term target of 4 percent for the third straight month.

Food prices, which is a gauge to measure changes in kitchen budgets, grew 14.1 percent in December against 10.01 percent in November.