Retail inflation rises to 9.9% in November
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Retail inflation rises to 9.9% in November

Last Updated: Wednesday, December 12, 2012, 23:44
 
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Retail inflation rises to 9.9% in November
New Delhi: Rising for the second consecutive month, retail inflation surged 9.90 percent in November driven mainly by rising prices of food items such as sugar, vegetables, edible oil and clothing.

The retail inflation was 9.75 percent in October and 9.73 percent in September.

The highest price rise in November was seen in the oil and fats segment with an annual inflation of 17.67 percent, as per the Consumer Price Index (CPI) data released today.

Further, sugar turned expensive by 16.97 percent, and pulses became dearer by 14.19 percent on an annual basis.

Vegetable rates during month increased by 14.74 percent, while rates of meat, fish and egg rose by 11.33 percent.

At the same time, clothing and footwear also witnessed an increase in prices at 11.08 percent in November.

In urban areas, retail inflation rose to 9.69 percent in November, from 9.46 percent in the previous month. However, CPI moderated for rural population to 9.97 percent during the month from 9.98 percent in the previous month.

All India provisional General (all groups) CPI numbers of November 2012 for rural, urban and combined are 126.9, 123.4 and 125.4, respectively.

The increase in the retail inflation to near double-digit would be taken into account by the Reserve Bank when it comes out with its mid-quarter policy review next week.

WPI inflation for October was at 7.45 percent, much higher than the RBI comfort level of 5-6 percent.

Concerned over the persistent inflation, the Reserve Bank had in October kept benchmark interest rate unchanged.

Meanwhile, industrial output growth rate bounced back to 8.2 percent in October compared to a 5 percent contraction in the same month last year.

PTI



First Published: Wednesday, December 12, 2012, 11:26


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