New Delhi: Retail inflation, based on the Consumer Price Index (CPI) touched 3-month high in November. Data released by the Ministry of Statistics and Programme Implementation revealed this. As per data. India’s retail inflation in last month surged 5.55% on an annual basis. Retail inflation, based on the Consumer Price Index (CPI) was at 4.87% in October this year.
Food inflation, which accounts for nearly half of the overall consumer price basket, was 8.7% in November. It was at 6.6% in October.
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Meanwhile, retail Inflation data has remained within the Reserve Bank of India’s (RBI) tolerance band of 2-6%. RBI has left the inflation target unchanged at 5.4% in its December policy meeting.
Wholesale Price Index (WPI) is a measure of the average change in the price of goods at a wholesale level or in the wholesale market. Consumer Price Index (CPI) is a price index that calculates price changes of goods and services that a consumer has to pay in the retail market. The monetary police of Reserve Bank of India is made after reviewing the CPI.
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