RETAIL INFLATION, BASED on the Consumer Price Index (CPI), likely fell to 5.6% in November from a 14-month high of 6.21% in October, according to the median of 17 estimates.
The sharp decline in the headline print was mainly due to cooling food prices, specifically of vegetables.
In November 2023, CPI inflation stood at 5.55%. The National Statistical Office (NSO) will release the retail inflation data for the month, on Thursday. At the projected 5.6% print, the overall retail inflation index likely declined 0.1% on a month-on-month basis in November, the first sequential fall seen in the past 10 months.
This story is from the December 11, 2024 edition of Financial Express Bengaluru.
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This story is from the December 11, 2024 edition of Financial Express Bengaluru.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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