Retail inflation in Nov at 3-month high

Retail inflation in November rose to a three-month high led by surging food prices, while industrial output growth in October soared to a 16-month high, driven by robust manufacturing, electricity, and mining sector expansion. Inflation, measured by the consumer price index (CPI), increased by 5.6% annually in November, surpassing October’s 4.9% but slightly lower than November 2022’s 5.9%. The food price index rose to 8.7% during the month, with vegetable prices soaring 17.7% and pulses shooting up 20.2%.