India Inflation Rate At 2-Year Low Of 3.6% In November


Consumer prices in India increased 3.63 percent year-on-year in November of 2016, following 4.2 percent rise in October and well below market expectations of 3.9 percent. It was the lowest inflation rate since November 2014, as food inflation eased for the fourth straight month to 2.56 percent.

Year-on-year, cost of food and beverages rose 2.56 percent (+3.17 percent in October), provisional estimates showed. The food index alone increased by 2.11 percent compared to 3.32 percent in the previous month. Prices increased less for sugar (+22.4 percent from +23.62 percent in October), pulses (+0.23 percent from +4.11 percent) and cost of vegetables continued to fall (-10.29 percent from -5.74 percent).

Cost of clothing and footwear increased 4.98 percent year-on-year (from +5.24 percent in October); fuel and light rose 2.80 percent (from +2.81 percent) and housing prices went up 5.04 percent (from +5.15 percent)

The corresponding provisional inflation rates for rural and urban areas are 4.13 percent and 3.05 percent (4.78 percent and 3.54 percent respectively in October).

A year ago, the inflation rate was higher at 5.41 percent.

On a monthly basis, consumer prices fell 0.15 percent.

India Inflation Rate At 2-Year Low Of 3.6% In November


Yekaterina Guchshina | yekaterina@tradingeconomics.com
12/13/2016 12:35:57 PM