Retail inflation rises to 5.59% in December

New Delhi (Agency) : The country’s economy has suffered a double blow. Industrial production growth slowed for the third consecutive month and grew by only 1.4 per cent in November 2021. At the same time, retail inflation rose to a six-month high of 5.59 per cent in December 2021. According to data released by the National Statistical Office (NSO) on Wednesday, the index of industrial production rose 1.4 per cent in November. Growth slowed in most sectors such as manufacturing, power, mining, primary goods and consumer durables. The main reason for this is the elimination of the effect of a weak comparative base. Meanwhile, retail inflation rose to 5.59 per cent in December 2021 as cooking items, including cereals, milk, eggs, became costlier.

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