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- India CPI Inflation Rate November 2021; Retail inflation rate rises to 4.91 on inflation
New Delhi25 minutes ago
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Retail inflation based on the Consumer Price Index (CPI) rose to 4.91% in November. It was recorded at 4.48% in October. Inflation figures remain in the comfort zone of the Reserve Bank of India (RBI) for the fifth consecutive month. RBI aims to keep the inflation rate at 4% (plus or minus 2%).
Retail inflation stood at 4.48% in October. Whereas earlier it was 5.30% in August while it was 5.59% in July. Whereas in the same period a year ago, retail inflation was 6.93%.
Inflation rate on month to month basis
- Food inflation rose to 1.87% in November from 0.85% in October.
- Vegetable inflation stood at -22.47% in November, from -19.43% in October.
- Pulse inflation declined from 5.42% in October to 3.18% in November.
- Clothing and footwear inflation stood at 7.39% in November as against 7.94% in October.
- Fuel and light inflation stood at 13.35 in November as against 14.35% in October.
- Housing inflation stood at 3.58% in October as against 3.66% in November.
Inflation may increase further in the coming months
In a recent RBI meeting, Governor Shaktikanta Das had said that the CPI-based inflation is estimated to be 5.1% in the third quarter of the current financial year i.e. 2021-21 and 5.7% in the fourth quarter (totaling 5.3 in 2021-22). The percentage is likely to remain.
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