Current Affairs - Economy - Discussion

India’s retail inflation rate dropped to 5.53% in November, a significant decline from 6.21% in October. 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.