Retail inflation rate climbs to 4.91% in November 2021

According to the official data released on Monday, Consumer Price Index (CPI) has climbed to 4.91 per cent in November compared with 4.48 per cent registered in October 2021.

The data has been released by the National Statistical Office (NSO). Image source: Reuters

Retail inflation rose marginally to 4.91 per cent in November, mainly due to an uptick in food prices, government data showed on Monday.

The Consumer Price Index (CPI) based retail inflation was 4.48 per cent in October 2021 and 6.93 per cent in November 2020.

As per the data released by the National Statistical Office (NSO), food inflation was at 1.87 per cent in November this year compared to 0.85 per cent in the preceding month.

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The Reserve Bank, which mainly factors in the retail inflation while arriving at its bi-monthly monetary policy, expects the inflation print to be somewhat higher over the rest of the year as base effects turn adverse.

According to the RBI, it is expected that headline inflation will peak in the fourth quarter of the current fiscal and soften thereafter.

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Consumer Price Index