The consumer price index inflation for November came in at 5.88 percent, a little lower than Street estimates of 6.33 percent. This is the first time the CPI has fallen below 6 percent this year. The CPI is an metric that measures retail inflation by examining the changes in prices of the most common consumer goods and services including food, electronics, housing, apparel, transportation among others.
The CPI was 4.9 percent in the year-ago period and 6.8 percent in the preceding month.
November's core CPI was came in at 6.1 percent, almost in line with the CNBC-TV18 estimate of 6.2 percent. Meanwhile, food inflation was reported at 4.67 percent, down from Street estimates of 5.8 percent.
| November | October | September | |
| CPI | 5.88% | 6.8% | 7.4% |
| Core | 6.1% | 6% | 6.1% |
| Food | 4.67% | 7% | 8.6% |
CPI for October this year stood at 6.8 percent against 7.4 percent in the preceding month. CPI for October FY22 stood at 4.5 percent.
The inflation in November is seen cooling to a nine-month low, supported by a favourable base effect and moderation in prices.
Also Read: Here's what to expect from industrial production, consumer and wholesale price indices' data
First Published: Dec 12, 2022 4:00 PM IST
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