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Retail inflation falls to 10-month low of 5.88%, factory output contracts

By IANS | Updated: December 12, 2022 18:45 IST

New Delhi, Dec 12 India's retail inflation, measured through consumer price index (CPI), fell to 5.88 per cent ...

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New Delhi, Dec 12 India's retail inflation, measured through consumer price index (CPI), fell to 5.88 per cent in November from 6.77 per cent recorded in October.

This is the first fall seen in retail inflation after a continuous rise for the past 10 months.

The slide in retail inflation was mainly due to fall in food inflation, which went down to 4.67 per cent in November. In October it was at 7.01 per cent, according to data released by the Ministry of Statistics and Programme Implementation on Monday.

Retail inflation meanwhile, has come down below the RBI's upper tolerance limit of 6 per cent for the first time in the last 10 months.

It was dragged down by food inflation, which was down as prices of fruits and vegetables as well as those of meat and fish fell during November, compared to October.

Separately, the factory output, measured in terms of the Index of Industrial Production (IIP), contracted 4 per cent in October, according to official data released today.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: indiaNew DelhiMinistry Of Statistics And Programme ImplementationMinistry of statistics & programmeMinistry of statistics and program implementationMinistry of statistics and programmeThe new delhi municipal councilDelhi south-westMinistry of statistics & programme implementationIndi
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