Inflation & Prices
India Inflation Quickens to 4-Month High on Costlier Food
- Food inflation accelerated to 9.53% from 8.7% in November
- Core inflation slows below 4%, providing some relief
Fruits stacked at a store in Indore, Madhya Pradesh, India.
Photographer: Kanishka Sonthalia/BloombergThis article is for subscribers only.
India’s inflation accelerated to a four-month high as food prices climbed, justifying the central bank’s caution in keeping interest rates higher for longer.
The consumer price index rose 5.69% in December from a year earlier, statistics ministry data showed Friday. That’s lower with the 5.88% median estimate in a Bloomberg survey of economists and compares with a 5.55% reading in November.