Inflation at 17-month high, rises to 5.21 pc in Dec, 2017

The retail inflation in the country has touched a new high of the last 17 months as Consumer Price Index (CPI) crossed the 5 per cent mark to settle at 5.21 per cent for the month of December 2017, which was 4.88 percent a month ago.

According to the data released by The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation, retail inflation went up mostly due to hardening fuel and vegetable prices.

The retail inflation for rural India was recorded at 5.27 per cent which was 5.09 for the urban areas.

The inflation for food item was 4.96 per cent for the month of December 2017. The food inflation for rural areas was 5.08 per cent whereas it was 4.71 for urban areas.

The inflation is rising for some months. Government has targeted to retain the inflation around 4 per cent.

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