Food Prices Drive CPI Inflation Lower In November: ICICI Direct
Customers buy vegetable from market stalls in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

Food Prices Drive CPI Inflation Lower In November: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Consumer Price Index Inflation fell sharply lower to 6.93% in November 2020 compared to 7.61% in October.

The reading in November was lowest in the last three months indicating the headline print has peaked in October and is now trending down.

The decline in inflation was largely driven by food inflation. Food inflation was down to 8.76% in November against 10.09% in October.

Almost all components except oil and fats and non-alcoholic beverages saw a decline in growth in inflation.

Click on the attachment to read the full report:

ICICI Direct Inflation Dec20.pdf

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