New Delhi: Retail inflation rose sharper than expected in November on the back of soaring food and vegetable prices, while industrial output fell for the first time in four months in October, raising fresh doubts about the health
of the economy. The two sets of numbers will pile more pressure on the government, which is battling voters' anger, as household budgets are stretched and a contraction in industrial activity will hurt jobs.
Food prices continued to exert pressure, rising an annual 14.7% in November, while vegetable prices shot
up 61.6% year-on-year.
FOOD FOR WORRY
Inflation rises to 11.2% in November, against 10.1% last month. 14.7% rise in food prices in Nov 2013 year-on-year
Any hope of an interest cut in RBI review next week dashed
Industrial output contracts by 1.8% in October 2013. IIP rose by 8.4% in Oct 2012
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