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India’s retail inflation rises to 0.71% in November on slower fall in food prices

Inflation rose mainly due to higher prices for vegetables, eggs, meat, spices, and fuel, with Kerala recording the highest state inflation at 8.27%, government data show.

  • On Friday, India’s retail inflation rose to 0.71% in November, according to provisional data and matching a Reuters poll median estimate of 0.70%.
  • A government release showed food deflation remains negative while fuel and light prices rose 2.32%, pushing inflation higher.
  • Rural headline inflation rose to 0.10% from-0.25%, while urban food inflation improved to-3.60 from-5.18%, and rural food eased to-4.05 from-4.85%, per the CFPI.
  • The Reserve Bank of India said benign inflation provides room to support growth, as the latest print remained below the RBI’s 2%–6% target band for the third month, last week.
  • The RBI projects consumer inflation at 2% for the fiscal year ending March 2026, with HSBC Research warning `We believe weaker growth down the line, low for long inflation, and tight fiscal policy may require growth supportive monetary policy in 2026 as well`, last week, post the monetary policy announcement.
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Times of India broke the news in India on Friday, December 12, 2025.
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