Inflation likely to have eased to 5.4% in Nov
The Business Guardian|December 08, 2024
India's Consumer Price Index (CPI) inflation is expected to ease to 5.4 percent in November 2024, down from 6.2 percent in October, according to a report by Union Bank of India.
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Inflation likely to have eased to 5.4% in Nov

The decline is primarily attributed to a seasonal drop in vegetable prices, which surged significantly in the previous months.

The report highlighted that vegetable prices, a major contributor to the CPI spike in October, showed a substantial decline in November. After recording a 42 percent year-on-year increase in October—the highest since January 2020—vegetable price inflation is estimated to have dropped to 27 percent in November, driven largely by a reduction in tomato prices.

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