RETAIL inflation eased in November to 5.48% compared to 6.21% in October, giving a relief to both common man and policymakers, who have been struggling with the question of growth over inflation. Though the inflation has come down below the RBI's upper tolerance level of 6%, it is still higher than the targeted inflation of 4%.
The moderation in November inflation was mainly on account of 2.2% month-on-month decline in food prices. Though at 9.04% year-on-year growth, food inflation remained at higher levels. Food and beverages account for 45.86% weightage in the Consumer Price Index (CPI), which measures retail inflation.
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Denne historien er fra December 13, 2024-utgaven av The New Indian Express Tirupati.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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