Retail inflation based on the Consumer Price Index (CPI) stood at 7.61 per cent in October further declines to 6.93 per cent in November on softer food prices, though it remained above the comfort level of the Reserve Bank. According to the CPI data released by the government on Monday, inflation in the food basket was 9.43 per cent in November, down from 11 per cent in the previous month. 

The RBI, which mainly considers in retail inflation while arriving at key policy rates, has been mandated by the government to keep inflation at 4 per cent (+, - 2 per cent). The central bank had maintained status quo in the policy rate earlier this month due to high inflation. Inflation in the 'cereals and products' category reduced to 2.32 percent from 3.39 percent in October.  The rate of price rise in 'meat and fish' segment was 16.67 percent in November, as compared to 18.7 percent in the previous month. 

The inflation in vegetables was lower at 15.63 percent from 22.51 percent.  Inflation in fruits and 'milk and products' was also lower over October.  The rate of price rise in the 'fuel and light' segment too moderated to 1.9 percent as against 2.28 percent in October.

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