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Retail inflation rises to 5.5% in November 2023, showing an upward trend

Retail inflation in November rises to 5.5%, up from 4.7% in October
Notable increases observed in the inflation rates of pulses, fruits, and vegetables
Industrial production sees a significant uptick, recording an 11.7% growth in October

The latest data on Consumer Price Index (CPI) inflation for November 2023 reveals a notable increase in retail inflation, marking a shift from the declining trend observed in the previous months.

According to government figures released on Tuesday, the retail inflation rate for November stands at 5.5%, up from the October rate of 4.7%.

This resurgence follows a brief dip in inflation rates noted in August, September, and October after a peak in July at 7.4%, primarily driven by elevated prices of tomatoes, other vegetables, and food items.

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Retail inflation rises to 5.5% in November 2023, showing an upward trend

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Retail inflation rises to 5.5% in November 2023, showing an upward trend

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