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CPI inflation hits 18-month-low of 2.33%

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New Delhi, Dec 12: India's consumer price index (CPI) for November 2018 stood at 2.33% as compared to 3.38 per cent in October 2018. This is an 18-month low for CPI.

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.

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Consumer inflation had stood at 3.69 per cent in August which was the previous low for the year.

Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for October 2018 stands at 132.4, which is 8.1% higher as compared to the level in October 2017. Cumulative growth for April-October 2018 over the corresponding period of previous year stands at 5.6%, said an ANI report.

[Consumer Price Index rises to 3.77% in September 2018]

Consumer price index (CPI) measures changes in the price level of market basket of consumer goods and services purchased by households. The CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically.

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