Web Hosting
FreeCurrencyRates.com

इंडियन आवाज़     24 Jul 2019 04:02:40      انڈین آواز
Ad

Retail inflation rises to 4.88% in November

food-inflation

AMN / NEW DELHI

Retail inflation has risen to 4.88 per cent in November this year on account of costlier fuel, vegetables and eggs. According to the Ministry of Statistics and Programme Implementation, the inflation, based on Consumer Price Index (CPI), was at 3.58 per cent in October. It was 3.63 per cent in November last year.

Inflation in eggs shot to 7.95 per cent in November on annual basis, as against 0.69 per cent in the previous month.In the fuel and light segment, it was 7.92 per cent, as against 6.36 in October.

For vegetables it was 22.48 per cent in November. The inflation in the segment was a only 7.47 per cent in October.

However, in the pulses segment the print continued to show disinflationary trend as it contracted by 23.53 per cent on annual basis.On overall basis, the inflation in the food segment increased to 4.42 per cent in November as compared to 1.9 per cent in the preceding month.

Food inflation remained volatile with prices falling in September and firming up in October, as eggs, vegetables and fruits became relatively more expensive.

Consumer vegetable inflation came in at 6.89 percent in November, while prices of pulses continued to fall -23 percent.

Fuel and light inflation, which has seen an uptick in July, grew 2.04 percent in November, as compared with 6.36 percent in October.

Housing inflation nearly grew 7.36 percent in November from 6.68 percent in October.

Last week, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) forecasted that retail inflation will hover around the range 4.3 to 4.7 percent in quarter ended December and March, higher than the previous projection of 4.2-4.6 percent.

Leave a Reply

Your email address will not be published. Required fields are marked *

SPORTS

Golf: Rookie Lal grabs the first-round lead, Gulfam shines with two eagles

  Harpal Singh Bedi /Faridabad Teenage rookie Amrit Lal of Chandigarh shot a six-under-66 t ...

Sai Praneeth storms into second round of Japan Open

In Badminton, Sai Praneeth stormed into the second round of men's singles of Japan Open, beating Kento Nishimo ...

TT: India makes clean sweep of all seven gold medals at stake

Cuttack Indian paddlers clinched all the seven medals at the 21st Commonwealth Table Tennis Championshi ...

Ad

MARQUEE

Bill for Transgender Persons introduced in Lok Sabha

Staff Reporter / New Delhi The Transgender Persons (Protection of Rights) Bill, 2019, was introduced in Lok ...

UP Mangoes to hit fruits market in Italy

First Shipment of North Indian Mangoes from Lucknow to Italy dispatched Our Special correspondent / L ...

CINEMA /TV/ ART

Indian entries bag six awards at SAARC Film Festival

WEB DESK SAARC-film-festival Indian entries bagged six awards including the Best Feature Film for the movie ...

Dangal’ girl Zaira Wasim quits Film World, citing religion

Zaira Wasim WEB DESK National Award-winning actor Zaira Wasim who played an important role in film D ...

Ad

ART & CULTURE

International Urdu Day Awards announced

  Staff Reporter / NEW DELHI The annual International Urdu Day Awards have been announced. ...

Noted English writer Amitav Ghosh conferred Jnanpith award

    AMN Renowned English writer Amitav Ghosh was conferred the 54th Jnanpith award for the ...

@Powered By: Logicsart