Updated: December 15, 2020 12:30:17 am
Retail and wholesale inflation continued to diverge in November. Wholesale price-based inflation rate rose to a 9-month high of 1.55 per cent in November on costlier manufactured items, even as food prices cooled, while retail inflation eased to 6.93 per cent on softer food prices, but remained above medium-term target of the RBI.
Retail inflation based on the Consumer Price Index (CPI) had stood at 7.61 per cent in October, while WPI inflation was 1.48 per cent in October.
The divergence between the food component of wholesale and retail inflation rose to a five-month high of 5.5 per cent in November.
Food items such as protein-rich items such as egg and meat witnessed high inflation at the wholesale level. At retail level, however, food inflation eased to 9.43 per cent in November from 11 per cent a month ago. In WPI, inflation in non-food articles was higher at 8.43 per cent in November, while in fuel and power basket it was (-) 9.87 per cent.
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