India’s Retail Inflation Rises To 4.9% in November: CareEdge
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CareEdge Research Report
India’s retail inflation (consumer price index) accelerated to 4.9% in November 2021, up from 4.5% in the previous month. This is largely on expected lines as we had estimated CPI to be at 5% for the month.
The spike in annualised inflation print is due to a waning statistical base coupled with rising vegetable prices.
Sequentially, CPI registered a subdued growth of 0.7% in Nov-21 vis-a-vis 1.4% in October 2021.
Core inflation which constitutes the non-volatile components of the CPI (i.e., CPI excluding food and fuel) eased marginally to 6% in Nov-21 compared with 6.1% in Oct-21.
Sequential momentum in core CPI registered a mild easing to 0.4% in Nov-21 vis-a-vis 0.6% in Oct-21. The sequential price pressures were sticky for all categories except transport and communications.
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