India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October
Live MintHopes of an early rate cut were rekindled on Thursday as retail inflation fell back within the central bank's tolerance band in November, while factory output hit a three-month high in October, in good news for the economy that slowed in the second quarter. Retail inflation based on the consumer price index fell to a three-month low of 5.48% in November from the 14-month high of 6.21% in October, statistics ministry data showed. Inflation fell as vegetable prices cooled due to rising supplies, while factory output growth touched 3.5% thanks to higher production of consumer durables and garments. The fall in retail inflation in November was aided by a slower rise in the prices of food items such as cereals, eggs, milk products, fruits, vegetables, and pulses during the month compared to October.