Retail Inflation remained high above the RBI’s tolerance limit for nine-month straight. The dip is attributed to easing food prices that account to 40% of CPI basket across the country.
Inflation based on the Consumer Price Index (CPI) rose to 4.91 per cent in November from 4.48 per cent in the previous month, according to the data released by the Ministry of Statistics and Programme Implementation.
India's retail inflation likely accelerated last month towards the upper limit of the Reserve Bank of India's target range as fruit and vegetable prices climbed, a Reuters poll found.