In December 2022, retail inflation falls to a one-year low of 5.72%

After a ten-month stretch above the central bank’s 6% tolerance limit, India’s retail inflation decreased to 5.72% in December 2022.

Rural inflation, on the other hand, continued to be higher, just slightly decreasing from 6.09% in November 2022 to 6.05% in December.

Consumers in rural and urban areas had very different price increases for food goods, even though inflation as assessed by the Consumer Food Price Index decreased from 4.67% in November to 4.19% in December. In December, food price inflation in urban markets was only 2.8% compared to 5.05% in rural markets.

This news is written by Ms. Pujari Dharani, Research Assistant, All India Legal Forum.