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Nov inflation likely breached RBI's 4% target on rising food prices: Poll

Wholesale prices are expected to have risen 3.78% last month from a year earlier, compared to a 3.59% rise in October

Reuters  |  Bengaluru 

India's retail inflation likely breached the central bank's 4.0 per cent medium-term target in November after unseasonably heavy rains sent food prices soaring, a Reuters poll showed. In the poll of more than 30 economists, annual consumer inflation, due to be released on Dec. 12 at 1200 GMT, was seen surging to a 13-month high of 4.20 per cent in November from October's 3.58 per cent. The higher inflation rate is unlikely to push the Reserve Bank of India (RBI) to change its key rate anytime soon, economists in the poll said. November's heavy rains ...

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First Published: Mon, December 11 2017. 13:37 IST