Food deflation eases as rural prices turn positive in November

India saw easing food deflation and positive rural inflation in November, while high precious metal prices kept core inflation elevated.

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Food deflation eases as rural prices turn positive in November

Food deflation eases as rural prices turn positive in November
India’s food deflation moderated in November, with prices contracting at a slower pace of 3.91 percent compared to previous months. Rural inflation moved back into positive territory at 0.10 percent, indicating improving price momentum outside urban centers. Core inflation remained elevated, driven largely by sharp increases in gold and silver prices, which rose above 58 percent year on year.