Thiruvananthapuram

30°C

Haze

Enter word or phrase

Look for articles in

Last Updated Saturday August 19 2017 03:58 PM IST

Retail inflation hits multi-year low in November

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

Inflation

New Delhi: Retail inflation eased to multi-year low of 3.63 percent in November on account of sharp drop in prices of food items, reflecting weak demand as consumers grappled with cash crunch following demonetization.

This is the lowest level at least since January, 2014, and the consumer inflation was seen near this level at 3.66 percent in August, 2015.

The Consumer Price Index-based inflation stood at 4.20 percent in previous month October, the data released by the ministry of statistics and programme implementation showed.

Retail inflation was at 5.41 percent in November, 2015.

Read also: Mistry removed as Tata Industries director, ceases to be its chairman

Inflation in vegetables category slipped further in the negative territory at (-)10.29 percent indicating deflation, as against (-) 5.74 percent in October.

However, inflation in fruits came in at 4.60 percent, slightly up from October's 4.42 percent. Cereals and products at 4.86 percent too showed a rise in inflation print during the month against 4.40 percent.

Protein rich meat and fish had inflation print of 5.83 percent in November as against 6.16 percent in October. Egg prices witnessed 8.55 percent rise as against 9.42 percent in the previous month.

Prime minister Narendra Modi's surprise announcement on November 8 to scrap Rs 500 and 1,000 notes, nearly 86 percent of the total cash in circulation, has resulted in lower consumer demand.

Overall, the Consumer Food Price Index was down at 2.11 percent compared with 3.32 percent in October.

The CPI-based inflation in fuel and light segment was at 2.80 percent in November as against 2.81 percent a month ago.

Rural retail inflation stood at 4.13 percent in November compared with 4.78 percent in October. For urban sector, it was recorded at 3.05 percent as against 3.54 percent in the previous month.

(With agency inputs)

Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

The opinions expressed here do not reflect those of Malayala Manorama. Legal action under the IT Act will be taken against those making derogatory and obscene statements.

Email ID:

User Name:

User Name:

News Letter News Alert
News Letter News Alert