Business Business

Retail Inflation | Retail inflation eases to 5.88 per cent in November, 11-month low

Retail inflation eases to 5.88 per cent in November, 11-month low

new DelhiRetail inflation eased to an 11-month low of 5.88 per cent in November on softening food prices. This is the first time in 11 months that retail inflation has come within the comfort zone of the Reserve Bank of India (RBI), according to data released by the National Statistical Office (NSO) on Monday.

The RBI is entrusted with the responsibility of keeping the retail inflation rate between 2 and 6 per cent. Consumer Price Index (CPI) based retail inflation stood at 6.77 per cent in October 2022 and 4.91 per cent in November last year.

read this also

According to the NSO data, food inflation eased to 4.67 per cent last month from 7.01 per cent in the previous month. Retail inflation had remained above the central bank’s comfortable limit of 6 per cent since January. Now it has come down to the lowest level of 11 months.

The retail inflation rate in December 2021 was 5.66 percent. Last week, the RBI increased the key policy rate repo by 0.35 percent to 6.25 percent to bring inflation under control. (agency)

Source link

Find our other website for you and your needs

Kashtee A shayari,Jokes,Heath,News and Blog website.
Your GPL A Digital product website
Amazdeel Amazon affiliated product website.
Job Portal A Job website
Indoreetalk Hindi News website
know24news A auto news website in English and Hindi.
Q & Answer website A website for any query and question.
Quotes A Christmas Quotes.
New Year QuotesNew Year Quotes
Cricket News website A website for cricket score online and upcoming matches.
Government job A Government job announcement portal.
Gaming Information Website A website for Gaming lover.
international news Website A website for News lover
Normalpost A guest post website and Blog website.
Sniper Gun Adventure World game A Game for your entertainment.
A news website A Game for your entertainment.
Bollywood and Hollywood news A website Bollywood and Hollywood viral news .
Health Tips Website A website for Health related issue and some idea for health .
Share Market Website A website for share market news and some viral news related to IPO, Currency, Commodity market, Banking and finance.
Baby care Product website A website for your baby product.
Technology Website A website for new launching technology and mobile also gadgets Website.
International News information Website A website for News Lover.
Cheap Hosting Website A website for who want to search a cheap hosting for their website and blog.

Related posts

Tata Communications | Tata Communications will acquire US company ‘Switch Enterprises’ in a deal worth Rs.


Air India-Vistara Merger | Vistara to merge with Air India, Singapore Airlines to hold 25.1 per cent stake


Amul MD RS Sodhi Resigns | RS Sodhi resigns as MD of Amul, GCMMF COO Jay Mehta appointed as interim MD


Leave a Comment