MeraNews Network, New Delhi: Retail inflation eased to a 17-month low in November this year at 2.33 percent, mainly due to decline in prices of kitchen essentials like vegetables. In October, the retail inflation stood at 3.31 percent.
According to the provisional data of the Ministry of Statistics and Program Implementation released yesterday, for November, the retail inflation was at the lowest level recorded since June last year, when it stood at 1.46 percent.
November marked the fourth consecutive month in which inflation was within the Reserve Bank of India's (RBI) medium-term goal of 4 percent.
On the other hand, index of industrial production (IIP), of the country grew at an 11-month high of 8.1 percent in October this year on the back of mining, power, manufacturing sectors and higher offtake of capital and consumer durable goods.