2019.12.1211:40:00UTC+00India's Consumer Price Inflation Accelerates In November

India's consumer price inflation accelerated more-than-expected in November driven by food prices, data from the statistics ministry showed Thursday.

Another official data showed that industrial output declined in October largely reflecting weakness across all sectors.

Consumer prices increased 5.54 percent year-on-year in November, faster than the 4.62 percent increase in October. In the same period last year, inflation was 2.33 percent.

The rate was also above economists' forecast of 5.3 percent.

Food price inflation surged to 10.01 percent in November from 7.89 percent a month ago.

On a monthly basis, consumer prices gained 0.95 percent and food prices advanced 1.68 percent in November.

Another report from the statistics ministry showed that industrial production declined 3.8 percent on a yearly basis in October, after easing 4.3 percent in September. Production was forecast to decline 5 percent.

The annual fall was driven by a sharp 8 percent contraction in mining output, 12.2 percent decline in electricity and 2.1 percent decrease in manufacturing.

During April to October period, industrial production grew 0.5 percent from the same period last year.