INDIA'S RETAIL INFLATION, based on Consumer Price Index (CPI), rose to a three-month high of 5.55% in November from 4.87% in October, as a spike in prices of onion led a rather broad-based rise in food inflation, according to data released by the National Statistical Office (NSO) on Tuesday. However, being at the lower end of the forecasts by analysts and the continued moderation of core inflation to a 44-month low of 4.1%, the latest print would offer comfort to the Reserve Bank of India (RBI).
The government has recently taken a host of steps to boost supply of food items, including wheat, sugar and onion.
The central bank in the December monetary policy statement unveiled last week had anticipated "an increase in prices of key vegetables which may push CPI inflation higher in the near-term".
Separate data released on Tuesday showed factory output, measured by the Index of Industrial Production (IIP), rose to a 16-month high of 11.7% in October from 6.2% in September, aided by a favourable base and a rise in manufacturing output amidst festive demand.
Bu hikaye Financial Express Mumbai dergisinin December 13, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin December 13, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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