Retail inflation at 3-month high of 5.55% in November

India's retail inflation rose to 5.55% in November from 4.87% in October due to higher food prices, according to government data. The figures are within the Reserve Bank of India's comfort zone. Inflation had been declining since August. The rate of price rise in the food basket was 8.7% in November. The RBI projected the CPI inflation at 5.4% for 2023-24. The inflation had peaked at 7.44% in July this year amid soaring prices of vegetables during the monsoon season. Since then, it has steadily declined.

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