Retail Inflation In India Jumps To 5.55 Per Cent In November

India’s retail inflation for November rose to 5.55 per cent as against 4.87 per cent in October, according to the latest data released by the National Statistical Office (NSO) on Tuesday. Though the headline inflation is still under the Reserve Bank of India (RBI)’s comfort zone of below 6 per cent, but it edged up due to unfavourable base effect and resurgence in prices of vegetables and pulses triggering inflation to a three-month high.  

The rural inflation was recorded at 5.85 per cent in November as against 5.12 per cent in October. Food inflation surged to 8.70 per cent for November, as against 6.61 per cent in October.

The price data are collected from selected 1,114 urban markets and 1,181 villages covering all states/UTs through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. During the month of November 2023, the NSO collected prices from 99.9 per cent villages and 98.6 per cent urban markets while the market-wise prices reported therein were 90.0 per cent for rural and 92.2 per cent for urban.