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Economists were expecting India’s Consumer Price Index inflation to jump to 5.8 per cent in November, , retail inflation, ministry of statistics and programme implementation, MOSPI
At 5.55 percent, the CPI inflation print for November 2023 is 68 basis points (bps) higher than October's 4.87 percent
India's industrial production in October rose to a 16-month high of 11.7 per cent in October 2023 against a contraction of 4.1 per cent in the same period a year ago, the Ministry of Statistics & Programme Implementation (MOSPI) said on Tuesday.
India Retail inflation: In the December policy meeting, the Reserve Bank of India (RBI) left the inflation aim unchanged at 5.4 per cent. In the August policy, the RBI MPC had raised its FY24 inflation forecast to 5.4 per cent from 5.1 per cent.
India's headline inflation rate fell to 4.87 percent in October thanks to a favourable base effect and the cooling of vegetable prices. However, the reversal of these two factors is set to push inflation close to 6 percent in November