Retail Inflation Data Expected Tomorrow. Read What Trends Say, Here
NDTV
Retail inflation data: There are expectations that it may climb upwards from 4.48 per cent level of October 2021, to 5 per cent for November 2021
With the retail inflation or consumer price index (CPI) based inflation data for the month of November 2021 expected tomorrow on December 13, there are expectations that it may climb upwards from 4.48 per cent level of October 2021, to more than 5 per cent for November 2021.
The upward projection of November retail inflation figures is mainly due to rise in prices of fruits and vegetables.
According to Reuters December 6-8 poll of 39 economists, forecast for November consumer price inflation stood at 5.10 per cent, higher than 4.48 per cent recorded in October 2021.
If realised, it would be within the RBI's target band of 2 per cent to 6 per cent for the fifth consecutive month.