December 14, 2011

Inflation rises to 9.11% from 8.2% in November

While Indian rupee dropped an all-time record low to 53.75 per dollar on Wednesday, inflation rose to 9.11 per cent in November as compared to 8.2 per cent in the same month last year.

The inflation stood at 9.73 per cent in October this year moderating the prices of essential food items including onions, potatoes and milk. While industrial production dropped by 5.1 per cent in October, the high inflation is a big concern.

Now, the analysts are putting their eyes on the Reserve Bank of India (RBI)'s monetary policy review, which is scheduled on December 16.

As per the government data released on Wednesday, inflation in food dropped to 8.54 per cent in November from 10.14 per cent in the same month last year. The inflation in food items was 14.64 per cent in October 2011.

The prices of the primary articles dropped to 8.53 per cent in November from 14.67 per cent in the same month last year on annual basis, while it stood at 18.09 per cent in October 2011.

Similarly, inflation in the manufactured products segment stood at 7.7 per cent in November as compared to 5.02 per cent in same month last year and 7.6 per cent in October 2011.

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