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HomeSalaries And PensionsRetail inflation declines to 6.93 pc in Nov

Retail inflation declines to 6.93 pc in Nov

New Delhi, Dec 14 (PTI) Retail inflation declined to 6.93 per cent in November on softer food prices, though it remained above the comfort level of the Reserve Bank.

A health worker takes the temperature of shoppers at a crowded market amid the spread of the coronavirus disease (COVID-19), in Ahmedabad, India, November 20, 2020. REUTERS/Amit Dave

Retail inflation based on the Consumer Price Index (CPI) stood at 7.61 per cent in October.

According to the CPI data released by the government on Monday, inflation in the food basket was 9.43 per cent in November, down from 11 per cent in the previous month.

The RBI, which mainly factors in retail inflation while arriving at key policy rates, has been mandated by the government to keep inflation at 4 per cent (+, – 2 per cent).

The central bank had maintained status quo in the policy rate earlier this month due to high inflation.

Disclaimer :- This story has not been edited by The Sen Times staff and is auto-generated from news agency feeds. Source: PTI


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