Retail Inflation Slows To 5.48%, Food Prices Still High

India’s retail inflation eased to 5.48% in November from 6.21% in October, though it remains above the Reserve Bank of India’s 4% target. Food inflation, the main driver of higher prices, stood at 9.04%, down from 10.47% in October. Cereal and pulse prices rose, but at a slower pace. Despite this, the RBI kept its interest rates unchanged due to ongoing inflation concerns.