Nine States Exceed National Inflation Average in November
In November, nine states in India experienced a higher rate of inflation compared to the national average, according to recent data. The average cost of living for Indian consumers rose by 5.55% compared to the same period last year.
Other States Above National Average: Bihar, Karnataka, Punjab, Telangana, Gujarat, and Uttar Pradesh also witnessed inflation rates exceeding the national average, ranging from 5.56% to 6.54%.
Delhi, Chhattisgarh, and the erstwhile state of Jammu and Kashmir reported milder increases in prices, with inflation rates of 3.1%, 3.56%, and 3.8%, respectively.
The inflation rate surpassed the central bank’s tolerance threshold of 6% in eight states, including Gujarat, Bihar, Punjab, Karnataka, and Telangana. Uttar Pradesh, with a 5.56% inflation rate, was the only other major state exceeding the national average of 5.55%.
Consumer prices rose at a three-month high pace of 5.55% in November, compared to 4.87% in October. Food price inflation surged to 8.7%, driven by increases in the inflation rates for vegetables, pulses, fruits, and sugar.
Rural inflation levels were higher at 5.85%, exceeding the 5.3% in urban areas. Urban consumers experienced a sharper rise in food prices at 9.3%, compared to 8.4% for their rural counterparts.
On a month-on-month basis, the Consumer Price Index (CPI) increased by 0.54%, with rural prices up 0.64%, and food prices rising by 1.05% from October levels.
Overall consumer price inflation stood at 5.88% in November 2022, with the food price index rising by 4.7%.
The Reserve Bank of India (RBI) had warned of a November spike in inflation due to rising vegetable prices. The RBI anticipates inflation to average 5.6% between October and December, indicating a potential acceleration to around 6.4% in the current month.
Q: Which states recorded higher inflation than the national average in November?
A: Nine states, including Odisha (7.65%), Rajasthan (7%), and Haryana (6.8%), exceeded the national average of 5.55%.
Q: How did rural and urban inflation compare in November?
A: Rural inflation (5.85%) surpassed urban inflation (5.3%), with a sharper rise in urban food prices (9.3% vs. 8.4% for rural areas).
Q: Did any state breach the central bank’s 6% tolerance threshold?
A: Yes, eight states, including Gujarat, Bihar, Punjab, Karnataka, and Telangana, exceeded the Reserve Bank of India’s 6% tolerance threshold.
Q: What was the overall Consumer Price Index in November?
A: The overall consumer price inflation reached 5.88%, with the food price index rising by 4.7%.
Q: What is the Reserve Bank of India’s outlook on inflation?
A: The RBI expects inflation to average 5.6% in the October-December period, potentially accelerating to around 6.4% in the current month.
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