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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.

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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)

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