Inflation rises to 8.29pc in November

The rate of inflation has edged up by 0.12 percentage point to 8.29 per cent in November on point to point basis, even though the central bank has been pursuing a tight monetary stance.

 

In October ,the inflation was 8.17 per cent.

 

This is mainly due to higher food inflation that persisted during the month under review (November). 

 

However, the non-food inflation was lower during the period.

 

People familiar with the development told the FE that the latest spike was attributed by the price surges of some key commodities, including higher cooking oil and some winter vegetables.