‘India’s retail inflation likely accelerated in Nov. to 5.1%’
The Hindu
Reuters Dec. 6-8 poll of 39 economists cites rising prices of vegetables, fruits
India’s retail inflation likely accelerated last month towards the upper limit of the RBI’s target range as fruit and vegetable prices rose, a Reuters poll found.
The Reserve Bank of India left interest rates on hold on Wednesday but the central bank said price pressures may persist in the near-term.
The December 6-8 poll of 39 economists forecast November consumer price inflation at 5.1%, faster than October’s 4.48%. If realised, it would be within the RBI’s target band of 2-6% for a fifth consecutive month. The CPI data is due on December 13.
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