Why in news?
NSO data : Retail Inflation Retail inflation soared to a five year high of 7.35% in December 2019.
![](https://sp-ao.shortpixel.ai/client/to_webp,q_glossy,ret_img/https://www.legacyias.com/wp-content/uploads/2020/01/retail-inflation-at-5-Legacy-IAS-Academy-Best-IAS-Academy.png)
NSO: retail inflation based on CPI was only 2.11% in December 2018 and 5.45% in November 2019.
More about CPI
- NSO data : Retail Inflation, The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.
- It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.
- Consumer Price Index in India is published monthly by the Central Statistical Organization (CSO)