Retail inflation at 40-month high of 5.54% in Nov on higher food prices

Food prices rose the fastest in 5 years for the month in villages

Consumer price index (CPI) inflation rose to a 40-month high in November, as prices rose by 5.54 per cent over the same month of the previous year. 

Vegetables, which have become costlier in neighbourhood markets, contributed the most to lift up the headline number. Vegetable inflation in November touched 30 per cent in villages and a staggering 48.6 per cent in cities and towns, the data by the National Statistics Office (NSO) shows. 

Though supply disruption in vegetables, including onions, contributed to the rise, base effect favoured higher number for vegetables, as their prices had remained deflationary in the period from July