Retail inflation increases to 9.9% in Nov

SME News, Wednesday, Dec 12, 2012 15:16:54 PM IST

Drop in inflation can only reverse RBI's monetary policy stand: PMEAC

Inflation may moderate in 2013 on easing supply constraints

No rate cut in RBI's monetary policy review displeases exporters

NEW DELHI: Retail inflation for the previous month advanced to 9.9 per cent, higher than the 9.75 per cent level recorded in the previous month.

The rise in retail inflation may motivate the Reserve Bank of India (RBI) to keep the policy rates unchanged in its upcoming mid-quarter monetary policy review on December 18.

During the month under review, retail inflation in rural areas appreciated to 9.97 per cent (9.9 per cent in October 2012).

In the case of urban areas, it was 9.69 per cent (9.46 per cent), official data released today showed.

The highest price rise in November was seen in the oil and fats segment, which saw an annual inflation of 17.67 per cent.

The other categories which witnessed a sharp increase in prices was sugar (16.97 per cent), pulses and products (14.19 per cent), vegetables (14.74 per cent) and cereals (12.35 per cent).

next >>

<< previous

Hot Topics

Retail inflation increases to 9.9% in Nov

Other Categories

More ways to get us

Subscribe by E-mail