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2025-12-12 19:13:35
[India's November Inflation Rises Slightly but Remains Below the Reserve Bank of India's Target Lower Limit] ⑴ India's Consumer Price Index (CPI) rose 0.71% year-on-year in November, a slight increase from the record low of 0.25% in October, and largely in line with market expectations of 0.7%. ⑵ Despite the rebound, the inflation rate has remained below the Reserve Bank of India's 2% tolerance threshold for the third consecutive month. ⑶ Food prices continued to fall (down 3.91% year-on-year, compared to a 5.02% decline in October), mainly driven by softer costs for vegetables, beans, and spices. ⑷ Commodity inflation has also remained low since the Goods and Services Tax (GST) adjustment in September. ⑸ Price pressures in categories such as clothing and footwear (1.49% vs. 1.70%) and miscellaneous services (5.64% vs. 5.71%) eased further, while housing inflation remained almost flat (2.95% vs. 2.96%). (6) Meanwhile, prices in some categories saw a slight acceleration, including betel nut, tobacco and narcotics (2.96% vs. 2.87%) and fuel and lighting (2.32% vs. 1.98%).
