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Retail inflation in Nov eases to 5.48% as food prices moderate
Millennium Post Delhi|December 13, 2024
Retail inflation declined in November to 5.48 per cent and came within the Reserve Bank’s comfort zone mainly due to easing food prices, creating headroom for a rate cut at the central bank’s rate-setting panel meeting under new Governor Sanjay Malhotra in February.
- IIP growth slows to 3.5.% in Oct

The Consumer Price Index (CPI) based headline inflation was at 6.21 per cent in October and 5.55 per cent in November 2023.

“During the month of November, 2024 significant decline in inflation is observed in vegetables, pulses and products, sugar and confectionary, fruits, eggs, milk and products, spices, transport and communication and personal care and effects subgroups,” National Statistics Office (NSO) said in a statement.

According to the CPI data released by the NSO on Thursday, inflation in the food basket reduced to 9.04 per cent in November. It was 10.87 per cent in October and 8.70 per cent in November 2023.

The data revealed that the top five items showing highest year-on-year inflation in November 2024 were garlic (85.14), potato (66.65), cauliflower (47.7), cabbage (43.58) and coconut oil (42.13).

The key items having lowest year-on-year inflation were jeera (-35.04), ginger (-16.96), LPG excluding conveyance (-10.24) and dry chillies (-9.73).

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Denne historien er fra December 13, 2024-utgaven av Millennium Post Delhi.

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