Retail Inflation Jumps To 5.55% In November 2023; IIP Growth At 16-Month High of 11.7% in October 2023 – News18

Last Updated: December 12, 2023, 17:41 IST

Official inflation data for November 2023 has been released.

Retail Inflation In November 2023, IIP in October 2023: Though the 5.55 per cent CPI inflation is far from the RBI’s medium-term target level of 4 per cent, it is within the tolerance limit of 2-6 per cent

India’s retail inflation, based on the Consumer Price Index (CPI), in November 2023 increased to 5.55 per cent, according to the latest official data released on Tuesday. Though the 5.55 per cent CPI inflation is far from the RBI’s medium-term target level of 4 per cent, it is within the tolerance limit of 2-6 per cent.

Meanwhile, India’s industrial output, based on IIP, growth stood at a 16-month high of 11.7 per cent in October 2023, according to the latest official data released separately.

The retail inflation in the country had stood at 4.87 per cent in October 2023, which was the lowest level in five months.

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experi…Read More

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