India's 'Goldilocks' Moment: Food Inflation Negative, CPI at 0.71% in Nov

• Food inflation in November was -2.78%, an increase from October's -3.7%, while overall CPI rose to 0.71%.
• India's Consumer Price Index (CPI) reached 0.71% in November, up from 0.25% in October, remaining below 1% for the second consecutive month.
• Core inflation slightly eased to 4.34%, but fuel inflation increased to 2.32% in November.
• The report describes the Indian economy as being in a "Goldilocks" moment, combining resilient growth with low inflation.
• Negative food inflation is largely attributed to a high base effect from November 2024, with risks from unseasonal rains or supply disruptions.

Why It Matters: India's low inflation and growth create a 'Goldilocks' economic environment.