Retail Inflation Rises to 0.71% in Nov on Higher Food Prices

• Retail inflation rose to 0.71% in November, up from 0.25% in the previous month.
• The increase was mainly due to higher prices of food items, including vegetables, eggs, meat, fish, and spices.
• Fuel and light inflation also contributed to the rise, reaching 2.32% in November.
• Retail inflation remained below the RBI's 4% target for the tenth consecutive month.
• Experts predict headline CPI inflation could cross 1.5% soon, with the RBI having cut policy rates by 1.25 percentage points this fiscal year due to low inflation.

Why It Matters: Low inflation allows RBI to cut interest rates, affecting borrowing costs.