Retail inflation falloff to 17-month in Nov at 2.33%

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Retail inflation dropped to a 17-month low in November at 2.33 per cent, mainly on account of decline in prices of kitchen essentials like vegetables and Pulses.

Retail inflation, which is calculated on the consumer price index (CPI), for October this year has been revised slightly up at 3.38 per cent from 3.31 per cent earlier, as per data from the Central Statistics Office (CSO).


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In the year-ago period (November 2017), it was at 4.88 per cent.

Retail inflation, a key input for the RBI to decide on its monetary policy, was lower than this in June 2017 when it stood at 1.46 per cent, as per data by the Ministry of Statistics and Programme Implementation (MOSPI). The CSO comes under MOSPI.

For pulses and its products, the rate of deflation slowed a tad at (-) 9.22 per cent from (-) 10.28 per cent. The overall food inflation showed a negative print of 2.61 per cent in November against an uptick of 0.86 per cent in October. 

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