The decline in inflation in November 2024 is mainly due to the decline in inflation in the ‘food & beverages’ group
| Photo Credit: PTI
India’s retail inflation cooled a bit to 5.5% in November from a 14-month high of 6.2% in October but remained significantly elevated for rural consumers at 5.95%, while it dropped to 4.8% for their urban counterparts.
Food inflation eased a tad from October’s 15-month peak of 10.9% to 9.04% in November, with rural consumers experiencing a slightly higher uptick of 9.1% while urban consumers experienced an 8.74% gain in prices. This marks the third straight month of 9%-plus food inflation and overall consumer price rise of over 5%.
On a month-on-month basis, the Consumer Price Index was 0.15% lower than in October and the Food Price Index was down 0.6%, with urban consumers witnessing higher relief.
“The decline in inflation in November 2024 is mainly due to the decline in inflation in the ‘food & beverages’ group,” the National Statistics Office said, pointing to a significant drop in price rise observed in vegetables, pulses, sugar, fruits, eggs, milk, spices, transport & communication, and personal care & effects.
On the other hand, the highest inflation at an all-India level in November was recorded in garlic (85.14%), potato (66.65%), cauliflower (47.7%), cabbage (43.58%) and coconut oil (42.13%).
Published – December 12, 2024 05:03 pm IST
