RETAIL inflation eased in November to 5.48% compared to 6.21% in October, giving a relief to both common man and policymakers, who have been struggling with the question of growth over inflation. Though the inflation has come down below the RBI's upper tolerance level of 6%, it is still higher than the targeted inflation of 4%.
The moderation in November inflation was mainly on account of 2.2% month-on-month decline in food prices. Though at 9.04% year-on-year growth, food inflation remained at higher levels. Food and beverages account for 45.86% weightage in the Consumer Price Index (CPI), which measures retail inflation.
This story is from the December 13, 2024 edition of The New Indian Express Kochi.
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This story is from the December 13, 2024 edition of The New Indian Express Kochi.
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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