INSUBCONTINENT EXCLUSIVE:
Retail inflation increased to 4.91 percent in November 2021 due to higher vegetables and fruits pricesRetail inflation increased to 4.91 per
cent in November 2021 from 4.48 percent in October, federal government information revealed on Monday
The price increase was primarily due to a significant jump in the costs of fruits and vegetables and other edible products like eggs,
cereals and milk products.Even food inflation increased to 1.87 per cent in November 2021 from 0.85 percent recorded in October 2021
Earlier, the consumer cost index (CPI) based inflation had increased to 4.48 percent in October 2021 from 4.35 percent in September, and at
that time too the rise was moved by higher food and fuel prices.Compared to November 2020 levels though, both retail and food inflation are
substantially down as throughout the corresponding duration of last year, the figures were 6.93 per cent and 9.50 percent
respectively.Overall, apart from rates of fruits and vegetables, there was an obvious rise in rates of clothes and footwear, household
products and services, entertainment and amusement in addition to education during November 2021
The most substantial increase was seen in the index of veggies, which rose from 185.3 in October 2021 to 199.1 in November 2021, according
to information launched by the ministry of data and programme implementation.However the retail inflation for November 2021 remained within
the Reserve Bank of India's (RBI) tolerance band of 2 per cent to 6 per cent for the 5th successive month.The increase in CPI inflation
remained in sync with the expectations by numerous companies, particularly Reuters' December 6-8 poll of 39 economic experts, whose forecast
for November inflation information had actually been at 5.10 per cent, mainly due to rise in rates of fruits and vegetables.
