Industrial Production Falls To -4% In October, CPI At 5.88%

India's consumer price inflation cooled to 5.88% in November mainly due to a moderation in food prices, showed government data on Monday. Retail inflation was 6.77% in October and 4.91% in November 2021. Inflation had stayed above the upper end of the Reserve Bank of India’s 2%-6% tolerance band until November and this has triggered 225 basis points of interest rate rises to the repo rate so far, taking it to 6.25%. Catch Siddharth Zarabi at Easynomics