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November inflation at 4.88% crosses RBI’s median mark

A sharp spurt in food and fuel prices pushed India’s annual retail inflation in November over the RBI’s median level of 4 per cent mark, official data showed on Tuesday.

According to the data from the Ministry of Statistics & Programme Implementation, October’s consumer price index (CPI) inflation rose during the month to 4.88 per cent from 3.58 per cent reported for October.