Retail inflation hits multi-year low of 3.63% in Nov

December 13, 2016 19:37

Retail inflation eased to multi-year low of 3.63 per cent in November on account of sharp drop in prices of food items, reflecting weak demand as consumers grappled with cash crunch following demonetisation.

This is the lowest level at least since January 2014 and the consumer inflation was seen near this level at 3.66 per cent in August 2015.

The Consumer Price Index-based inflation stood at 4.20 per cent in previous month October, the data released by the Ministry of Statistics and Programme Implementation showed.

Retail inflation was at 5.41 per cent in November 2015.

Inflation in vegetables category slipped further in the negative territory at (-)10.29 per cent indicating deflation, as against (-) 5.74 per cent in October.

However, inflation in fruits came in at 4.60 per cent, slightly up from October's 4.42 per cent. Cereals and products at 4.86 per cent too showed a rise in inflation print during the month against 4.40 per cent.

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