The data released by the
The Consumer Food Price Index (CFPI) for last month came in at 3.41%, down from 9.50% in November 2020.
The provisional rural CPI in December 2020 was recorded at 4.07%, down from 7.20% in the previous month. The urban CPI was 5.19% last month, compared with 5.19% in November 2020.
The ease in retail inflation for the second consecutive month is a major development as it may give an impetus for a rate cut in the next meeting of the Reserve
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