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CPI: Retail Inflation Eases In November

By Staff

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%.

CPI: Retail Inflation Eases In November

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.

Story first published: Monday, December 14, 2020, 19:28 [IST]
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