{"id":86423,"date":"2020-01-14T02:13:09","date_gmt":"2020-01-13T20:43:09","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12953"},"modified":"2020-01-14T02:13:09","modified_gmt":"2020-01-13T20:43:09","slug":"retail-inflation-at-5-year-high-of-7-3-in-december","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/retail-inflation-at-5-year-high-of-7-3-in-december\/","title":{"rendered":"Retail inflation at 5-year high of 7.3% in December"},"content":{"rendered":"\n<p><strong>News:<\/strong>The retail inflation based on Consumer Price Index(CPI) has reached a five and a half year high of 7.35% in December 2019.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Reasons for rise in retail inflation:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The rise in retail inflation is primarily due to increase in Consumer food price inflation to 14.12% in December 2019.This is the highest since 17.89% in November 2013.<\/li><li>This rise in food inflation has been viewed as transitory driven largely by the damage to the kharif crop from prolonged unseasonal rains during September to early November,2019.<\/li><li>However,the simultaneous hardening of international prices poses a challenge to the government and the Reserve Bank of India in containing domestic food inflation at a time when the economy is already going through a deep slowdown.<\/li><li>Further,the latest overall retail inflation at 7.35% is also above the Reserve Bank of India\u2019s upper band target of 6%.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About Consumer Price Index(CPI):<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Consumer price index(CPI) is a statistic used to measure the average price of a basket of commonly used goods and services in a period relative to some base period.<\/li><li>It measures change in the price level of a market basket of consumer goods and services purchased by households.<\/li><li>It is widely used by countries as a macroeconomic indicator of inflation and deflation and as a tool by governments and central banks for inflation targeting and for monitoring price stability.<\/li><li>The CPI data is released monthly by the Central Statistics Office(CSO) which functions under the Ministry of Statistics and Programme Implementation.<\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News:The retail inflation based on Consumer Price Index(CPI) has reached a five and a half year high of 7.35% in December 2019. Facts: Reasons for rise in retail inflation: The rise in retail inflation is primarily due to increase in Consumer food price inflation to 14.12% in December 2019.This is the highest since 17.89% in&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/retail-inflation-at-5-year-high-of-7-3-in-december\/\">Continue reading <span class=\"screen-reader-text\">Retail inflation at 5-year high of 7.3% in December<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3147],"class_list":["post-86423","post","type-post","status-publish","format-standard","hentry","category-economy","tag-retail-inflation","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1700147193},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86423"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86423\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}