Retail inflation eases to 6.93% in November on softening food prices

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Softening prices of food items like cereals, fruits and milk pulled down retail inflation to 6.93 per cent in November, though it remained above the comfort level of the Reserve Bank of India. Retail inflation based on the Consumer Price Index (CPI) stood at 7.61 per cent in October and 7.27 per cent in September. According to data released by the National Statistical Office (NSO) on Monday, inflation in the food basket was 9.43 per cent in November, down from 11 per cent in the previous month.





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