Business

India’s retail inflation rises to 5.55 pct in November


NEW DELHI, Dec. 12 (Xinhua) — India’s retail inflation rose to 5.55 percent in November, the latest government data showed Tuesday.

According to data released by the federal ministry of statistics and program implementation (MoSPI), inflation based on Consumer Price Index (CPI) in November was 5.55 percent. In October the figure was 4.87 percent.

The food inflation rose to 8.70 percent in November from 6.61 percent in October, the data showed.

According to officials, the data are collected from selected 1,114 urban markets and 1,181 villages covering all states through personal visits by field staff of field operations division of the National Statistical Office (NSO), MoSPI on a weekly roster.

In November, the NSO collected prices from 99.9 percent villages and 98.6 percent urban markets, the ministry said.

The rise in retail inflation in November was mainly attributed to a rise in prices of key food items.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *