Retail inflation hits 15-month high of 4.88%
India's retail inflation measured by the Consumer Price Index (CPI) stood at 4.88% in November, its highest level in 15 months. This is higher than the Reserve Bank of India's medium-term target of 4%. Further, the rate of retail food inflation during November stood at 4.42% on a year-on-year basis, against 1.90% the previous month, government data showed.