New Delhi: Retail Inflation took steps in November to 4.9% compared to 4.5% in the previous month, driven by edible oil and fuel prices, which also affected transportation costs.
The latest data released by the government on Monday shows that the oil and fat segment sees a surge in prices of almost 30%, while the increase in fuel and light cases is more than 13%.
Clothing and footwear saw the third largest leap, up almost 8%.
Vegetable prices are one factor for higher inflation, but they softened 13.6% in November.
Fuel tax reduction helps soften inflation.
“Moderation in CPI inflation for fuel and light, pots, tobacco and liquor, and other items are seeded by rising inflation for food and beverage, housing, and footwear and footwear.
The impact of fuel tax cuts helps prey.
Sub- The transportation and communication index amounted to 0.6% in 1921 in November 2021 in terms of months (mother).
However, all other categories of other items display a large maternal increase, starting from 0.2% to education up to 0 , 9%.
For maintenance and personal effects, underline price pressure that grows in the economy, “said Economy Chief ICRA Aditi Narggah in a note.
Barclays said lower fuel levies “must help capture the upward momentum in some goods and services”.
Retail inflation rose 4.9% in November on oil, fuel prices
