Food inflation to calm down on likelihood of bumper kharif harvest: Govt
The review said India’s retail inflation jumped in October to 6.21%, a 14-month high, driven by elevated food inflation in a “few vegetables”.
India’s annual retail inflation eased last month to 3.63 per cent from 4.20 per cent in October and 5.41 per cent reported during the corresponding period last year, official data showed on Tuesday.
According to Consumer Price Index (CPI) data released by the Central Statistics Office (CSO), the fall in retail inflation was mainly due to a drop in the annual food inflation — to 2.11 per cent in November from 3.32 per cent in October.
The CPI data revealed that the annual retail inflation for rural India was 4.13 per cent while that for the urban centres was 3.05 per cent. The annual food inflation was 2.87 per cent in rural areas and 0.75 per cent in the urban conclaves.
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