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Retail Inflation Increases To 5.54 Per Cent In November From 4.62 Per Cent In October: Government

India's Retail Inflation In November Rose To 5.54 Per Cent From 4.62 Per Cent In October, Highest Since 2016 And Over RBI's Medium-term Target Of 4 Per Cent.

News Nation Bureau | Edited By : Victor Dasgupta | Updated on: 12 Dec 2019, 06:06:00 PM
Image for representational purposes only

New Delhi:

Retail inflation rose significantly to over three-year high of 5.54 per cent in November, mainly on account of higher food prices. The inflation based on Consumer Price Index (CPI) was 4.62 per cent in October, and 2.33 per cent in November 2018.

As per the data released by the National Statistical Office (NSO), the inflation in the food rose to 10.01 per cent. This compares with 7.89 per cent October and (-) 2.61 per cent in the year ago-month. The previous high of CPI was 6.07 in July 2016.

The Reserve Bank of India has been mandated by the government to contain inflation in the range of 4 per cent, with a margin of 2 per cent on either side.

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First Published : 12 Dec 2019, 05:44:00 PM