CPI inflation HIGHLIGHTS: Retail inflation way more than estimates, rises to 7.35% in December

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Updated: January 13, 2020 6:36:49 pm

The retail inflation surged further in December to 7.35 per cent after it breached the RBI’s medium-term target of 4 per cent for the third straight month in November.

inflation, consumer confidence, stagflation, inflation, cpi, wpi, price rise, price fall, disflation, deflationThe CPI inflation numbers were released by the government today.

Market HIGHLIGHTS: The retail inflation surged further in December to 7.35 per cent on higher vegetable prices after it breached the RBI’s medium-term target of 4 per cent for the third straight month in November. The CPI inflation numbers were released by the government today. A Reuters poll of economists had estimated that the inflation would rise by 6.2 per cent in December. In November, the retail inflation was recorded at 5.54 per cent, up from 4.62 per cent in October. The CSO data would be watched closely ahead of the upcoming budget and ongoing economic slowdown. Meanwhile, the equity benchmarks Sensex, Nifty showed consistent growth on Monday as Nifty crossed its all-time high for a brief period of time. Sensex ended the day at 41,859.69, 259.97 points up from the last closing value while Nifty ended at 12,329.55 with a growth of 0.59%. Infosys with a growth of 4.71% held on to its top position at the end of the day trading at 773 on Sensex. On NSE, Infosys grew at 3.65% and ended the day on top at 772.50. 

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Highlights

    17:42 (IST)13 Jan 2020
    Inflation figures

    Consumer food price inflation at 14.1% Vs 10.01% (MoM)

    Vegetables inflation at 60.5% Vs 36% (MoM)

    Housing inflation at 4.30% Vs 4.49% (MoM)

    Cereals inflation at 4.36% Vs 3.71% (MoM)

    Clothing & footwear inflation at 1.50% Vs 1.30% (MoM)

    Pulses inflation at 15.44% Vs 13.94% (MoM)

    December core inflation at 3.7%

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