Food inflation drop in November

Why is it in news?
  • Retail inflation based on the consumer price index (CPI) moderated marginally in November to 6.93%, from 7.61% recorded in October.
  • Food price inflation cooling off to 9.43% from 11% in October.
Details:
  • The National Statistical Office (NSO) combines the rural and urban inflation rates to arrive at all-India inflation rates.
  • In rural India, both overall retail inflation and food price inflation were about 0.5 percentage points higher than recorded in urban India.
Inflation
  • The Retail Inflationmeasures changes in the price level of a 'market basket' of consumer goods and services purchased by households.
  • The headline inflation measure demonstrates overall inflation in the economy.
  • The core inflation measure strips the prices of highly volatile food and fuel components to distinguish the inflation signal from transitory noise.
Posted by Jawwad Kazi on 15th Dec 2020
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