India’s retail Inflation measured by the Consumer Price Index (CPI) shot up to 5.55 per cent in November 2023, from 4.9 per cent in October 2023, driven by food items -- -- as shows official data released on Tuesday – and uncomfortably above the Monetary Policy Committee’s (MPC) long-term target of 4 per cent which shifts the possibility of a rate cut to not before the August 2024.
The CPI uptick in November was entirely driven by the food and beverages segment, with all the other group either reporting a lower or an unchanged year-on-year inflation print in November 2023 relative to October 2023. The price data are collected from selected 1114 urban markets and 1181 villages covering all states/ UTs. During the month of November 2023, NSO collected prices from 99.9 per cent villages and 98.6 per cent urban markets while the market-wise prices reported therein were 90.0 per cent for rural and 92.2 per cent for urban.
この記事は The Business Guardian の December 13, 2023 版に掲載されています。
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この記事は The Business Guardian の December 13, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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