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India's inflation likely eased to 16-month low in Nov as fuel prices dip

The November data will not only mark inflation below the RBI's medium-term target of 4% for a fourth straight month but also be the first time since July 2017 it was below 3%

Reuters  |  Bengaluru 

Indian inflation is likely to have cooled to a 16-month low in November, according to a Reuters poll, as food and fuel prices fell, supporting the Reserve Bank of India's decision to keep interest rates on hold at a policy meeting last week. The poll of 40 economists predicted retail inflation sank in November to 2.80 percent from October's 3.31 percent. Forecasts in the poll, taken between Dec. 4-7, ranged between 2.26 percent and 4.00 percent. If the consensus is realised, the November data will not only mark inflation below the RBI's medium-term target of 4 percent ...

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First Published: Mon, December 10 2018. 09:48 IST
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