Retail inflation falls to record low of 4.38% in November

Zee Media Bureau

New Delhi: The Consumer-Price Index (CPI) based retail inflation fell to 4.38 percent in November as compared to 5.52 percent in October.

According to data released by the Ministry of Statistics and Programme Implementation (MOSPI) on Friday, Consumer food price inflation, under a new series published by the government, eased to 3.14 percent last month from 5.59 percent in October.

The Reserve Bank has of late started targeting retail inflation, while deciding on its bi-monthly monetary policy. RBI has been targeting a retail inflation of 8 percent by March 2015 and 6 percent by March 2016.