Daily Current Affairs 2021 India's retail inflation inches up to 5.61 percent | Daily Current Affairs 2021

India’s retail inflation inches up to 5.61 percent

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India's retail inflation inches up to 5.61 percentAs prices of pulses continued to pinch consumers, India’s annual retail inflation moved up further to 5.61 percent in December from 5.41 percent during the month before, official data released.

According to the numbers on consumer price index of the Central Statistics Office (CSO), the annual rate of inflation, December-on-December, was distinctly higher in rural areas at 6.32 percent against 4.73 percent in the cities and towns.

The retail food inflation during the month under review was 6.4 percent for India as a whole, as against 6.07 percent in the month before. In the rural and urban areas, the annual inflation rates for food items were 6.41 percent and 6.31 percent, respectively.

The official data further showed that prices of pulses were up 45.92 percent over those prevailing during the past year.

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