India's inflation outlook appears favorable, with the possibility of aligning with the Reserve Bank of India's (RBI) 4 per cent target in the coming months, highlighted a report by Bank of Baroda.
The prices of onion continue to remain high in November while other vegetable prices are seeing a dip of 4.1 per cent MoM in Nov so far, highlighted a report by ICICI Bank.
Freshly procured tomatoes, which arrived in the national capital overnight, are to be sold in the retail markets here by the government agency National Cooperative Consumers' Federation of India (NCCF), starting today.
Bucking the trend, retail inflation in India rose considerably in June to 4.81 per cent, largely due to a sharp spurt in vegetable prices. The inflation index for rural and urban was 4.72 per cent and 4.96 per cent, respectively.
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.
New Delhi [India], Oct 14 (ANI): The retail inflation in September rose to 3.99 per cent due to higher prices of food items, the government data showed on Monday.