{"id":126843,"date":"2022-12-14T13:39:20","date_gmt":"2022-12-14T08:09:20","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=126843"},"modified":"2022-12-14T13:39:21","modified_gmt":"2022-12-14T08:09:21","slug":"in-november-retail-inflation-eased-below-6-for-the-first-time-in-2022","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/in-november-retail-inflation-eased-below-6-for-the-first-time-in-2022\/","title":{"rendered":"In November, Retail inflation eased below 6% for the first time in 2022"},"content":{"rendered":"\n<p><strong>In November, Retail inflation eased below 6% for the first time in 2022:<\/strong> India&#8217;s retail inflation has decreased from 6.77% in October to 5.88% in November 2022.\u00a0It is the first time in this Financial Year when the inflation rate came within the tolerance band of RBI i.e. 2 to 6%. Food prices, which account for nearly 40% of the CPI basket, eased to\u00a0<strong>4.67% in November, compared with 7.01% in October.<\/strong><\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-december-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">December 2022 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p>Since January, retail inflation has exceeded the Reserve Bank of India&#8217;s 2%\u20136% tolerance band, resulting in a 225 basis point increase in interest rates, bringing the rate to 6.25% as of this writing. &nbsp;Excluding the volatile food and energy components, the core inflation is estimated to be between 6% and 6.26% in November, Compared to 5.9% to 6.3% in October, three economists&#8217; estimates for this month&#8217;s GDP.<\/p>\n\n\n\n<p>RBI recently wrote a letter to the government explaining the reasons for failing to contain inflation within the set band for three successive quarters. The letter has not been made public so far. India&#8217;s retail inflation decreased to 5.88% in November from 6.77% in October due to falling vegetable and edible oil prices. This is the first time since January of this year that consumer price growth has been slower than the 6% tolerance level established by the central bank.<\/p>\n\n\n\n<p>Consumer food price inflation eased to an 11-month low of 4.67% from above 7% in October, but rural consumers still had to bear a heavier burden with a 5.2% price increase in food items compared to their urban counterparts&#8217; 3.7% increase. Overall rural retail inflation also stayed high at 6.09%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In November, Retail inflation eased below 6% for the first time in 2022: India&#8217;s retail inflation has decreased from 6.77% in October to 5.88% in November 2022.\u00a0It is the first time in this Financial Year when the inflation rate came within the tolerance band of RBI i.e. 2 to 6%. Food prices, which account for [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":126844,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4992],"tags":[82,544],"class_list":["post-126843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-december-2022","tag-economy-current-affairs","tag-food-value"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/126843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=126843"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/126843\/revisions"}],"predecessor-version":[{"id":126845,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/126843\/revisions\/126845"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/126844"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=126843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=126843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=126843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}