印度11月通胀小幅回升至0.71% 仍连续第三个月低于央行容忍下限

Core Viewpoint - India's Consumer Price Index (CPI) rose by 0.71% year-on-year in November, recovering from a historical low of 0.25% in October, but remains below the Reserve Bank of India's (RBI) inflation tolerance threshold of 2% for the third consecutive month [1] Group 1: Inflation Trends - The inflation level in November is a rebound from October's record low, indicating a slight recovery in consumer prices [1] - Food prices continued to decline year-on-year, with the decrease narrowing to 3.91% in November, primarily driven by lower costs of vegetables, pulses, and spices [1] - Overall commodity inflation has remained low since the adjustment of the Goods and Services Tax (GST) rate in September [1] Group 2: Price Pressure by Category - Price pressures in several consumer categories have eased, with clothing and footwear inflation decreasing from 1.70% in October to 1.49% in November [1] - Miscellaneous services inflation slightly decreased from 5.71% to 5.64%, while housing inflation remained stable at 2.95%, slightly lower than October's 2.96% [1] Group 3: Specific Price Increases - Some specific categories have seen a slight increase in inflation, with areca nut, tobacco, and narcotics inflation rising from 2.87% to 2.96% [1] - Fuel and lighting prices experienced a year-on-year increase from 1.98% to 2.32%, marking one of the few areas showing signs of acceleration [1]