Nov retail inflation up to 0.71%, as fall in food price eases

India’s retail inflation inched up to 0.71% in November, from a record low of 0.25% in October, primarily driven by a seasonal rise in prices of some food items, which narrowed the deflation for the group.

- Payal Bhattacharya

The impact of a fading favourable base from last year also contributed to the uptick. Core inflation, on the other hand, eased marginally to 4.23% from 4.33%, reflecting the impact of cuts in the goods and services tax (GST).

The latest print is marginally lower than the 0.8% projection in a recent Mint poll of economists. With this, it marks the fourth instance in five months that headline inflation has stayed below the lower bound of the Reserve Bank of India’s (RBI's) 2-6% target.