Retail inflation jumps to 40-month high of 5.54% in November

Retail price based consumer inflation spiked to a 40-month high of 5.54 percent in November on costlier food items, according to the data released by the statistics office on Thursday, compared to 4.62 percent in the month of October.

During the month, the prices of vegetables spiked to 36 percent from 5.40 percent in September, while for fruits it jumped to 4.08 percent from 0.83 percent.

Vegetable Inflation November

As per the data released by the National Statistical Office (NSO), the inflation in the food rose to 10.01 percent. This compares with 7.89 percent October and (-) 2.61 per cent in the year ago-month. The previous high of CPI was 6.07 in July 2016.

Food Inflation November

The Reserve Bank of India (RBI) has been mandated by the government to contain inflation in the range of 4 percent, with a margin of 2 percent on either side.

Cereals Inflation November