India CPI - Higher Vegetable Prices Drive Inflation Higher In November: ICICI Direct

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 for November 2021 rose to 4.9% compared to 4.5% in October 2021. Higher inflation was largely due to higher food inflation, largely attributable to a sequential rise in vegetable prices along with unfavorable base in food inflation, particularly vegetable prices.Food inflation represented by Consumer Food Price Index rose to 1.9% in November versus 0.9% in October, largely attributable to the base turning unfavorable and lower de-growth in vegetables. Overall major contributors remain oil and fats, fruits, sugar and now cereals as well. Effectively in the last few months, extremely favorable base effect of food inflation led to lower food inflation in 2021. Last year, CFPI declined 2.7% and 2.1% month-on-month in December 2020 and January 2021, respectively, led by consecutive 15% month-on-month decline in vegetables..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

India CPI - Higher Vegetable Prices Drive Inflation Higher In November: ICICI Direct

India CPI - Higher Vegetable Prices Drive Inflation Higher In November: ICICI Direct

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