Assam Congress MP from Kaliabor Gaurav Gogoi on Monday lamented the rising retail inflation in India, primarily caused by rising food prices, terming it as an "alarming" trend.
Commenting on the alarming scenario, the young Congress firebrand tweeted, "This is a dangerous trend which needs to be carefully watched over the next few months."
Accoring to Government data, the retail inflation based on Consumer Price Index (CPI) was 2.11 per cent in December 2018 and 5.54 per cent in November 2019.
As per the government data, the food inflation rose to 14.12 per cent in December as against (-) 2.65 per cent in the same month of 2018. It was 10.01 per cent in November 2019.
The central government has mandated the Reserve Bank of India to keep inflation in the range of 4 per cent with a margin of 2 per cent on the either side.
Retail inflation jumped sharply to 7.35 per cent in December 2019, surpassing the RBI's comfort level, mainly due to high food prices.
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