At 6.2%, India's CPI inflation may have breached RBI target in Dec: Poll

Rising vegetable prices probably pushed Indian retail inflation to its highest in more than five years in December, exceeding the Reserve Bank of India's medium-term target of 4 per cent for a third straight month, a Reuters poll of economists predicted.

The median forecast in the Jan. 3-8 Reuters poll of nearly 50 economists predicted India's annual consumer inflation rose to 6.20 per cent in December from November's 5.54 per cent.

Over 60 per cent of respondents expected retail inflation, due for release on Jan. 13, to breach the upper band of the RBI's buffer range of 2 per cent