Food Prices Drive CPI Inflation Lower In November: ICICI Direct
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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.
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