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Financial News: India's Inflation Accelerates In December

India's Inflation Accelerates In December

01/12/2018 - 07:26:00 (RTTNews)

(RTTNews) - India's consumer price inflation increased more than expected in December, figures from the Central Statistics Office revealed Friday.

Consumer price inflation accelerated to 5.21 percent from 4.88 percent in November. In the same period of 2016, the rate was 3.41 percent.

The rate was forecast to rise to 5.1 percent in December 2017.

At the same time, food price inflation came in at 4.96 percent, which was slightly faster than the 4.35 percent seen a month ago.

On a monthly basis, consumer prices dropped 0.29 percent and the consumer food price index slid 1.27 percent.

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