India’s consumer price inflation slowed more than expected in November, data from the National Statistical Office showed Tuesday.

Inflation slowed to 6.93 percent in November from 7.61 percent in October. The rate was forecast to moderate to 7.1 percent.

Likewise, food price inflation eased to 9.43 percent from 11 percent a month ago.

On a monthly basis, consumer prices gained 0.32 percent and the consumer food price index climbed 0.24 percent in November.

The central bank forecast 6.8 percent consumer price inflation in the December quarter of 2020 and 5.8 percent in the next quarter.

Data released earlier in the day showed that wholesale price inflation rose to 1.55 percent year-on-year in November from 1.48 percent in October.

The material has been provided by InstaForex Company – www.instaforex.com

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