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November CPI expected to jump to 5.17%

Updated : December 12, 2019 08:15 AM IST

The consumer price index (CPI) data for November will be released on Thursday.

Here are the key expectations from last month's data:

The CPI is expected to come in at around 5.17 percent versus 4.62 percent on a month-on-month (MoM) basis.

The core CPI is expected to remain largely flat at around 3.46 percent against 3.5 percent on a MoM basis.

The likely range for the CPI in terms of the headline figures is quite wide, anywhere between 4.7 percent and 5.4 percent, driven by food inflation. Food inflation in October had spiked to 7.89 percent versus 5.11 percent on a MoM basis.

While vegetables have led the rise in food inflation, pulses, cereals also were seen moving up and within vegetables onion prices continue to rise and tomatoes have seen a marginal correction.

Overall, while core CPI is expected to remain largely flat, a move up in the headline inflation is expected simply because of food inflation.
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