Retail Inflation Up to 0.71% in Nov as Food, Fuel Costs Increase

• Retail inflation rose to 0.71% in November, up from a record low of 0.25% in October.
• The increase is attributed to rising prices of vegetables, protein-rich items (eggs, meat, fish), spices, and fuel and light.
• Deflation in food items was 3.91% in November, compared to 5.02% in October.
• The Reserve Bank of India (RBI) lowered its inflation projection for the current fiscal to 2% and cut key policy interest rates to 5.25%.
• RBI also raised its FY26 GDP growth projection to 7.3%.

Why It Matters: Rising inflation impacts your purchasing power and central bank policy.