India’s Wholesale inflation eases to 1.89% in Nov from 2.36% in Oct
inflation eased to 1.89 per cent on an annual basis in November from 2.36 per cent in October.
The wholesale inflation, measured using the Wholesale Price Index, was expected to moderate to 2.20 per cent, according to a Reuters poll.
India’s retail inflation eased to 5.48 per cent in November, after breaching the RBI's 6 per cent upper tolerance band in October, as the arrival of fresh produce helped moderate soaring vegetable prices.
The prices eased due to a bumper summer crop harvest, aided by a favourable monsoon. Food inflation, which makes up around half of the overall Consumer Price Index (CPI) basket, eased to 9.04 per cent in November from 10.87 per cent in the previous month.
ALSO READ: India’s retail inflation eases to 5.48% in Nov from 6.21% in Oct as food prices moderate
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