By Joshua KirbyInflation ticked higher again in India in November, taking price rises further away from the central bank's target. The country's consumer price index rose by 5.55% on year, up from the 4.87% increase booked in October, according to government figures set out Tuesday. Inflation had been expected to pick up a little more pace to 5.8%, according to economists polled by FactSet. Food prices led the increase, rising more than 8% on year, with vegetables, spices, cereal and pulses all seeing double-digit prices increases. The uptick in inflation complicates the task of the Indian central bank.

Source: Wall Street Journal December 13, 2023 00:36 UTC