Retail inflation in November reaches 5.54%, highest in three years

Retail inflation, November, 4.88%, Business, NewsMobile, Mobile News, India

Retail inflation based on Consumer Price Index (CPI) in November rose to 5.54% from 4.62% in October and (-) 2.61% in the year ago-month indicating three-year high.

Food price inflation jumped to 10.01% in November as compared to 7.89% in October. The inflation rate in cereals and products went up at 3.71% against 2.16% a month ago.

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Vegetable inflation for November stood at 36% against 26% in October. While pulses and products stood at 13.94% in November as against 11.72% in October.

Industrial production shrank by 3.8% in October due to poor performance by power, mining and manufacturing sectors.

Factory output as measured in terms of index of industrial production (IIP) expanded 8.4% in October last year.

Power generation dipped sharply by 12.2% in October compared to 10.8% growth in the year-ago period.

Mining output also fell 8% as against 7.3% growth in the corresponding period last fiscal.

(With Agency Inputs)

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