Inflation November

Retail inflation rose to a three-month high of 5.55 per cent in November, according to data released by the National Statistical Office (NSO).

India's retail inflation likely picked up in November due to higher food prices after declining for three months, bringing it closer to the upper end of the Reserve Bank of India's (RBI) 2%-6% target range, a Reuters poll found.

India is not home-free with regards to the pressures of high prices but the moderation in retail inflation over the last two months is a relief, the Reserve Bank of India (RBI) said in its November bulletin published on Thursday.

The company has slashed around 21,000 jobs since November 2022 as it has sought to reassure investors that it was reining in costs amid waning revenue growth, high inflation and concerns that Reality Labs was losing too much money.

India's retail inflation fell from 5.66 per cent in March to 4.7 per cent in April, the first time since November 2021 when it fell below 5 per cent.

India's retail inflation came down below 6 per cent in November after remaining above RBI's upper tolerance level for 10 months since January 2022.

The Wholesale Price Index (WPI)-based inflation was 5.85 per cent in November 2022 and 14.27 per cent in December 2021.

The Consumer Price Index (CPI) based retail inflation was at 5.88 per cent in November 2022 and 5.66 per cent in December 2021.

Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion.

After remaining in double digits for 19 months, the wholesale price index (WPI) based inflation declined to 8.39 per cent in October.

Retail inflation: This is the first time in 11 months that the retail inflation print has come within the RBI's tolerance band of 4 ( +/- 2) per cent.

Markets are awaiting the November inflation data to be announced later in the day, traders said.

The 30-share BSE Sensex declined 495.53 points to 61,686.14 after a weak beginning.

Inflation has stayed above the upper end of the Reserve Bank of India's 2%-6% tolerance band all year and this has triggered 225 basis points of interest rate rises to the repo rate so far, taking it to 6.25%.

Foreign investors have infused close to Rs 19,000 crore in Indian equities so far this month, primarily due to moderating trend in the US inflation and softening of the dollar.

Retail inflation rose to a three-month high of 5.55 per cent in November, according to data released by the National Statistical Office (NSO).

India's retail inflation likely picked up in November due to higher food prices after declining for three months, bringing it closer to the upper end of the Reserve Bank of India's (RBI) 2%-6% target range, a Reuters poll found.

India is not home-free with regards to the pressures of high prices but the moderation in retail inflation over the last two months is a relief, the Reserve Bank of India (RBI) said in its November bulletin published on Thursday.

The company has slashed around 21,000 jobs since November 2022 as it has sought to reassure investors that it was reining in costs amid waning revenue growth, high inflation and concerns that Reality Labs was losing too much money.

India's retail inflation fell from 5.66 per cent in March to 4.7 per cent in April, the first time since November 2021 when it fell below 5 per cent.

India's retail inflation came down below 6 per cent in November after remaining above RBI's upper tolerance level for 10 months since January 2022.

The Wholesale Price Index (WPI)-based inflation was 5.85 per cent in November 2022 and 14.27 per cent in December 2021.

The Consumer Price Index (CPI) based retail inflation was at 5.88 per cent in November 2022 and 5.66 per cent in December 2021.

Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion.

After remaining in double digits for 19 months, the wholesale price index (WPI) based inflation declined to 8.39 per cent in October.

Retail inflation: This is the first time in 11 months that the retail inflation print has come within the RBI's tolerance band of 4 ( +/- 2) per cent.

Markets are awaiting the November inflation data to be announced later in the day, traders said.

The 30-share BSE Sensex declined 495.53 points to 61,686.14 after a weak beginning.

Inflation has stayed above the upper end of the Reserve Bank of India's 2%-6% tolerance band all year and this has triggered 225 basis points of interest rate rises to the repo rate so far, taking it to 6.25%.

Foreign investors have infused close to Rs 19,000 crore in Indian equities so far this month, primarily due to moderating trend in the US inflation and softening of the dollar.