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Retail inflation came in at a higher-than-expected 11.74 per cent in November 2013, official data released on Thursday showed. This is higher than the consumer price index based inflation of 10.17 cent in October.
Given the stubbornly high retail inflation, indications are that the Reserve Bank of India will on December 18 go in for 25 basis point hike in repo rate, say economy watchers.
The retail inflation has gone up in November primarily due to high vegetable prices.
The corresponding provisional inflation rates for rural and urban areas for November 2013 are 11.74 per cent and 10.53 per cent respectively.
For October 2013, retail inflation for rural and urban areas were 10.19 percent and 10.20 percent respectively.
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