Tuesday, 13 December 2016

India's core consumer inflation in Nov seen at around 4.9-5.0 percent


India's core consumer price inflation in November was seen at around 4.9 percent to 5 percent, three analysts polled by Reuters said on Tuesday, little changed from around 5 percent in October.

India had earlier reported headline annual consumer price inflation eased to 3.63 percent in November, its lowest level in two years, helped by a sharp cooling in food prices.

The Reserve Bank of India unexpectedly held interest rates last week citing sticky core inflation as one of its worries.

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