India CPI inflation eases to 5.2% in December

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: January 13, 2025

Annual CPI inflation in India has slowed further, to 5.22% in December from 5.48% in November, data showed on Monday.

In comparison, a consensus of analyst estimates had pointed to a slowdown to 5.3%.

The inflation rate has remained within the Reserve Bank of India’s medium-term target range of 2%-6%.

Food inflation in the country slowed to 8.39% in December from 9.04% in November.

In addition, cost of housing rose at a slower pace, by 2.71% YoY compared to 2.87% YoY in November.

And, deflation slowed for fuel and light (-1.39% YoY compared to -1.83% YoY in November).

The Indian Rupee plunged to a fresh record low of 86.6620 per US Dollar on Monday and was last trading at 86.6460 per USD.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Weekly market wrap-up, Companies to watch In the week 18th – 22nd October stocks hit an all-time hi after the S&P 500 completed a seven-day winning streak, backed up by the earnings release. Factors such as the surrounding troubles with the constantly high “temporary inflation”, the […]
Oil rebounds to its last-week levels Oil prices rose on Monday, returning price to where they stood before the OPEC meeting, which took place in Vienna on May 31. Brent oil for July delivery reached a session high of $102.27 dollars per barrel, followed by a decline. Brent traded […]
Bank of Canada leaves benchmark rate intact at 5% The Bank of Canada left its target for the overnight rate intact at 5% at its April meeting, in line with market expectations.The central bank pledged to keep reducing its balance sheet, as policy makers again underscored upside risks […]
High inflation in UK in foreseeable perspective? Ernst & Young gave a warning on Monday, that inflation rate in United Kingdom could climb during summer period and remain above the targeted level of 2% in foreseeable perspective.An economic forecasting group, the ITEM club, […]
Sweden’s unemployment rate highest since June 2021 The rate of unemployment in Sweden was reported at 9.4% in June, up from 9.3% in the same month of the preceding year.It has been the highest jobless rate since June 2021.The number of unemployed persons went up by 16,000 from June […]
Minor Currency Pairs: Support and Resistance Levels for October 10th 2016 EUR/GBPR1 – 0.9048 R2 – 0.9088 R3 (Range Resistance - Sell) – 0.9129 R4 (Long Breakout) – 0.9251 R5 (Breakout Target 1) - 0.9394 R6 (Breakout Target 2) - 0.9460S1 – 0.8966 S2 – 0.8926 S3 (Range Support - Buy) – 0.8885 S4 […]

Related News