Retail inflation likely fell sharply to 5.6% in Nov

Decline was mainly due to cooling of vegetable prices

- PRIYANSH VERMA

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.