Retail inflation inches to 9.90%

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Retail inflation inches to 9.90%
Retail inflation, measured by the Consumer Price Index (CPI), stood at 9.90% in the month of November 2012, higher from 9.75% during the previous month.

The CPI index measures retail prices in major food groups, fuel, clothing, housing and education across rural and urban India

The corresponding provisional inflation rates for rural and urban areas for November 2012 are 9.97% and 9.69% respectively.

Inflation rates (final) for rural and urban areas for September 2012 are 9.90% and 9.46% respectively.

Price data are collected from selected towns by the Field Operations Division of NSSO and from selected villages by the Department of Posts. Price data are received through web portals being maintained by the National Informatics Centre.

Analysts expects that the Reserve bank of India (RBI) may continue to keep policy rates steady in its meeting on December 18.

Read more about: inflation, cpi, rbi
Story first published: Wednesday, December 12, 2012, 11:40 [IST]
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