Headline inflation eases more than expected in November on sharp contraction in vegetable – corporate issuances to get boost
A sigh of relief as retail inflation measured in terms of consumer price index (CPI) came in at 5.9% YoY in November – lower than the upper tolerance band of Monetary Policy Committee (MPC) of RBI first time in last 11-months. Inflation in October was at 6.8%. Prices of food moderated to 5.1% in November from 7.1% in October. Prices of vegetables contracted significantly by 8.1% YoY in November.
December 12, 2022