(Reuters) - India's retail inflation in November eased to 5.48% as soaring vegetable prices moderated during the month due to an improvement in supply, according to government data released on Thursday.
A Reuters poll had projected retail inflation at 5.53%.
COMMENTS
DIPANWITA MAZUMDAR, ECONOMIST, BANK OF BARODA, MUMBAI
"Headline CPI got the desired comfort from a favourable statistical base and moderation in food inflation."
"What comes as a further respite is that the outlook seems more benign with visible correction in tomato and onion prices and comfortable supply."
"The next few inflation prints will be crucial in determining where the needle of the Reserve Bank of India's policy compass would rest."
(Reporting by Siddhi Nayak; Compiled by Dhanya Skariachan; Editing by Shilpi Majumdar)
