India’s retail inflation drops to 5.48% in November

New Delhi: Retail inflation in India eased to 5.48% in November, primarily due to a decline in food prices. The drop brings inflation within the comfort zone set by the Reserve Bank of India (RBI).

The reduction follows a meeting of the RBI’s Monetary Policy Committee (MPC), chaired by the new Governor, Sanjay Malhotra. The committee decided to cut rates, contributing to the easing inflation trend.

This development provides some relief to consumers and aligns with the central bank’s efforts to maintain price stability while fostering economic growth.