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India: Retail inflation eases to 5.48 pc in November

Published Dec 12, 2024

Tridge summary

Retail inflation in India decreased to 5.48% in November from 6.21% in October, primarily due to a decrease in food prices, especially vegetables. The inflation rate in the food basket fell from 10.87% in October to 9.04% in November. The Reserve Bank of India has increased its inflation projection for the current fiscal from 4.5% to 4.8%.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

New Delhi, Dec 12 (PTI) Retail inflation slowed to 5.48 per cent in November compared to 6.21 pc in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index (CPI) data released by the National Statistics Office (NSO), the inflation in the food basked reduced to 9.04 per cent in November. It was 10.87 per cent in October and 8.70 per cent in November 2023. The CPI-based headline inflation increased from an average of 3.6 per cent during July-August to 5.5 per cent in September and further to 6.2 per cent in October 2024, the highest in more than a year since September 2023. Last week, the Reserve Bank raised the inflation projection for the current fiscal to 4.8 per cent from 4.5 per cent. It also said that the lingering food price pressures are likely to keep headline inflation elevated in the December ...

Source: Theprint