India Tasa De Inflación

The annual inflation rate in India eased to 5.22% in December of 2024 from 5.38% in the previous month, loosely aligned with market expectations of 5.3%, and remaining within the RBI’s target of within 2 percentage points away from 4%. The slight deceleration in consumer prices was owed to a slower inflation for food (8.39% vs 9.04% in November), which takes up nearly half of the Indian consumer basket. In turn, prices eased slightly for housing (2.71% vs 2.87%), but deflation slowed for fuel and light (-1.39% vs -1.83%). On a monthly basis, Indian retail prices were 0.52% lower, the sharpest monthly decline in over one year.