Retail inflation expected to cross 4% mark in Nov: Experts

Rise attributed to surge in vegetable, oil prices

Retail inflation, which touched a seven-month high in October, is expected to rise further and cross the 4 per cent mark this month, driven by a rise in vegetable and oil prices, experts say.

According to global financial services majors like Nomura, BofAML and Morgan Stanley, price pressures are likely to build further in the coming months following a cyclical recovery in the economy and rise in vegetable and oil prices.

"We expect CPI inflation to rise above 4 per cent in November and stay above the RBI's target of 4 per cent through 2018," Nomura said in a research note.

Stronger food