Retail inflation rises to 5.59% in December, from 4.91% in November – Times of India

New Delhi: Retail inflation based on the Consumer Price Index (CPI) rose to 5.59 per cent in December, showed data released by the government on Wednesday.
In the month of November, the inflation figure was recorded at 4.91 percent.
The Reserve Bank of India (RBI) primarily influences retail inflation when it comes to its bi-monthly policy.
The Reserve Bank’s Monetary Policy Committee (MPC) has been tasked by the government to control retail inflation based on the Consumer Price Index (CPI) to 4 per cent (+,-2 per cent).
RBI left its repo rate unchanged at 4% for the ninth consecutive policy meeting last month, shifting its focus to economic growth as India still grapples with challenges from the coronavirus pandemic.