November’s retail inflation data will come on December 13
With the retail inflation or Consumer Price Index (CPI) based inflation data for November 2021 expected tomorrow, December 13, it is expected to rise to over 5 per cent from the October 2021 level of 4.48 per cent. November 2021.
The increase in retail inflation data in November is mainly due to increase in the prices of fruits and vegetables.
According to a Reuters poll of 39 economists on 6-8 December, consumer price inflation was estimated at 5.10 per cent in November, up from 4.48 per cent recorded in October 2021.
If that happens, it will be within the RBI’s target of 2 per cent to 6 per cent for the fifth consecutive month.
The forecast in the survey was between 4.50 per cent and 5.32 per cent for the November retail inflation data.
Last week, while maintaining status quo on repo rates, RBI Governor Shaktikanta Das had said that for the current financial year, retail inflation It is expected to remain at the level of 5.3 percent.
“The inflation The trajectory is likely to be in line with our earlier projections, and price pressure is likely to persist in the immediate term. Keeping in view the bright prospects of Rabi crop, with the arrival of winters, the prices of vegetables are expected to see a seasonal improvement. Cost-push pressure continues to impact the core inflationHowever, his pass-through may remain silent due to the slowdown in the economy,” Mr Das had said.
Keeping all these factors in view the CPI inflation Estimated at 5.3 per cent for 2021-22, he had said it is expected to be 5.1 per cent in the December quarter of the current fiscal and 5.7 per cent in the March quarter of 2021-22.
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