CPI: Retail Inflation Eases In November

Official data released on Monday showed that India's retail inflation eased in the month of November. As per data released by the Ministry of Statistics & Programme Implementation (MoSPI) CPI (Consumer Price Index) declined to 6.93% in the month of November but remained above the Reserve Bank of India's (RBI) upper margin of 6%.

In October, CPI was at 7.61%.

Food inflation eased in November to 9.43% from 11% in the previous month while vegetable inflation fell to 15.6%. Growth in food inflation was led by a rise in egg prices which climbed 20.26% year-on-year in November. Apart from eggs, the oils and fats segment saw a rise of 17.86% while prices of pulses and products gained 17.91% and meat and fish rose 16.67%. The vegetable segment also witnessed a rise of 15.63%.

Meanwhile, data released by the industry department earlier on Monday showed wholesale price inflation (WPI) touching a nine-month high of 1.55% in November.

RBI in its monetary policy statement in December had said that CPI inflation showed some evidence that price pressures are spreading.