12 Dec 2018 21:35 IST

Retail inflation drops to 2.33% in Nov

Touches a one-and-a-half year low as rate of price hike slows

Retail inflation cooled to a near one-and-a-half year low of 2.33 per cent in November, official data showed on Wednesday.

The consumer price index (CPI) based retail inflation in October was revised upwards to 3.38 per cent from 3.31 earlier, the Central Statistics Office (CSO) said.

Retail inflation stood at 4.88 per cent in November 2017.

The rate of price rise has been on a decline for the past four months.

The previous low was back in June 2017, when retail inflation stood at 1.46 per cent.