Retail inflation increased to 4.91 percent in November 2021 due to higher vegetables and fruits pricesRetail inflation increased to 4.91 per cent in November 2021 from 4.48 percent in October, federal government information revealed on Monday.
The price increase was primarily due to a significant jump in the costs of fruits and vegetables and other edible products like eggs, cereals and milk products.Even food inflation increased to 1.87 per cent in November 2021 from 0.85 percent recorded in October 2021.
Earlier, the consumer cost index (CPI) based inflation had increased to 4.48 percent in October 2021 from 4.35 percent in September, and at that time too the rise was moved by higher food and fuel prices.Compared to November 2020 levels though, both retail and food inflation are substantially down as throughout the corresponding duration of last year, the figures were 6.93 per cent and 9.50 percent respectively.Overall, apart from rates of fruits and vegetables, there was an obvious rise in rates of clothes and footwear, household products and services, entertainment and amusement in addition to education during November 2021.
The most substantial increase was seen in the index of veggies, which rose from 185.3 in October 2021 to 199.1 in November 2021, according to information launched by the ministry of data and programme implementation.However the retail inflation for November 2021 remained within the Reserve Bank of India's (RBI) tolerance band of 2 per cent to 6 per cent for the 5th successive month.The increase in CPI inflation remained in sync with the expectations by numerous companies, particularly Reuters' December 6-8 poll of 39 economic experts, whose forecast for November inflation information had actually been at 5.10 per cent, mainly due to rise in rates of fruits and vegetables.
Music
Trailers
DailyVideos
India
Pakistan
Afghanistan
Bangladesh
Srilanka
Nepal
Thailand
Iraq
Iran
Russia
Brazil
StockMarket
Business
CryptoCurrency
Technology
Startup
Trending Videos
Coupons
Football
Search
Download App in Playstore
Download App
Best Collections