This is an archive article published on December 12, 2023

Retail inflation rises to 3-month high of 5.55% in November

Retail inflation was 5.88 per cent in November last year.

The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.

By: PTI

1 min readNew DelhiDec 13, 2023 07:38 AM IST First published on: Dec 12, 2023 at 06:37 PM IST

Retail inflation inched up to a three-month high of 5.55 per cent in November driven by higher food prices, according to official data released on Tuesday.

The retail inflation based on the Consumer Price Index (CPI) was at 4.87 per cent in October. Inflation had been declining since August when it touched 6.83 per cent. Retail inflation was 5.88 per cent in November last year.

Also read | October retail inflation drops to four-month low of 4.87%

The rate of price rise in the food basket was 8.7 per cent against 6.61 per cent in October and 4.67 per cent in November 2022, the National Statistical Office (NSO) data showed.

The Reserve Bank of India has been tasked by the government to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side.