Consumer price inflation at 9.9 percent in November
NEW DELHI (Reuters) - India's annual consumer price inflation accelerated to 9.9 percent in November from the previous month, government data showed on Wednesday.
India's retail inflation is the highest among the BRICS group of emerging economies - Brazil, Russia, China, and South Africa - and is above what the Reserve Bank of India (RBI) calls its comfort level.
Food prices for consumers rose by 11.81 percent in November from 11.43 percent in October.
(Reporting by Arup Roychoudhury; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- More quakes jolt Iceland overnight, spread to second volcano
- Modi to launch plan for every Indian household to have bank account
- Modi slams whispering campaign against Rajnath Singh
- Pakistan's prime minister resolved to ride out protests crisis
COAL BLOCK ALLOCATIONS
A Supreme Court ruling this week that India's decades-old method of granting coal mining concessions is illegal could herald much-needed reforms in a sector long dogged by the inability of state-run Coal India to raise output fast enough. Read
Modi to launch plan for every Indian household to have bank account . Full Article
Kleiner to invest in messaging startup Snapchat at near-$10 bln valuation - report. Full Article