November retail inflation eases on easing food price
Hindustan Times Rajasthan|December 13, 2024
NEW DELHI: India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth.
Reuters
November retail inflation eases on easing food price

Retail inflation eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll.

Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for nearly half of the consumption basket.

Vegetable prices rose 29.33% in November from a year earlier after rising 42.18% in October.

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