Correct Answer : Option (B) - 5.5%
* India’s retail inflation rate dropped to 5.53% in November 2024, a significant decline from 6.21% in October 2024.
* This reduction was largely driven by a fall in vegetable prices, especially tomatoes, which had spiked in October, along with stabilizing edible oil prices.
* This moderation in inflation provided relief to households that had been affected by rising food prices.
* Core inflation, however, remained steady at 3.7%. The decline reflects the impact of lower food prices and effective inflation management strategies.
Published On : December 11, 2024
Category : Indian Economy
