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Retail inflation hits one-and-half year low of 2.33% in November

CPI based retail inflation in October was revised upwards to 3.38 per cent from 3.31 earlier

IIP, Industry, manufacturing

Retail inflation plunged to a 17-month low in November at 2.33 per cent, mainly on account of decline in prices of kitchen essentials like vegetables, eggs and pulses. Retail inflation, which is calculated on the consumer price index (CPI), for October this year has been revised slightly up at 3.38 per cent from 3.31 per cent earlier, data from the Central Statistics Office (CSO) showed Wednesday. In the year-ago period (November 2017), it was at 4.88 per cent. Retail inflation, a key input for the RBI to decide on its monetary policy, ...