November retail inflation eases, boosts rate-cut expectations in February 2025.  India’s factory output rose to a three-month high of 3.5% in October from 3.1% in September.

Retail inflation eased to a three-month low of 5.48% in November after surging to a 14-month high of 6.21% in October as prices of food items including vegetables moderated during the month, data released by the National Statistics Office (NSO) on Thursday showed. Food inflation, based on the Consumer Food Price Index (CFPI) eased to 9.04% in November from double-digit level and a 15-month high of 10.87% in October.

Separately released data by the NSO showed India’s factory output, as measured by the Index of Industrial Production (IIP), rose to a three-month high of 3.5% in October from 3.1% in September, despite an unfavorable base of 11.9% growth in October 2023, mainly due to a pickup in manufacturing, mining and electricity sectors.

Source : ANI