India's retail inflation accelerated to a 40-month high of 5.54% in November due to high food prices, compared to 4.62% in October, government data showed on Thursday. Food and beverage inflation rate accelerated to 8.66%, driven by a 36% surge in prices of vegetables. Pulses and products gained 13.94%, while fuel and light prices fell 1.93%.
India's retail inflation accelerated to a 40-month high of 5.54% in November due to high food prices, compared to 4.62% in October, government data showed on Thursday. Food and beverage inflation rate accelerated to 8.66%, driven by a 36% surge in prices of vegetables. Pulses and products gained 13.94%, while fuel and light prices fell 1.93%.
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