India's retail inflation rate based on Consumer Price Index was 5.88 per cent in November from 6.77 per cent during October. Retail inflation in India had remained above 6 per cent till October for over three quarters, which was beyond RBI's comfort zone.
India's wholesale inflation based on the Wholesale Price Index for the month of November was at 5.85 per cent (provisional), against previous month's print of 8.39 per cen.
India's retail inflation rate based on Consumer Price Index declined to 5.88 per cent in November from 6.77 per cent during the previous month, according to data released on Monday by the ministry of statistics.
The property price index has been growing steadily in India in the past few years. The All India House Price Index (HPI) published by the Reserve Bank of India (RBI) grew at an annual rate of 3.5 per cent for the quarter which ended in June (Q1: 2022-23), expanding 1.8 per cent compared w
Last week, the Chinese government released data which showed that new home prices fell at their fastest rate in over seven years, while property sales measured by floor area fell for a 15th straight month in October.
According to the statement from the ministry of commerce and industry, the decline in the rate of inflation in October is primarily contributed by fall in the price of mineral oils, basic metals, fabricated metal products, except machinery and equipment; textiles; other non-metallic mineral
While addressing FIBAC 2022 Conference, the Reserve Bank of India Governor on Wednesday said, "Our constant endeavour is to keep an eye on inflation, which is our primary target."