Annual consumer inflation in India declined to 2.33 percent in November, 2018 from an upwardly revised 3.38 percent in October, 2018 and below market expectations of 2.8 percent. This is the lowest inflation rate since June, 2017 as food prices fell the most since the series began in 2012. In 2013, the Consumer Price Index (CPI) replaced the wholesale price index (WPI) as the main measure of inflation.
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Recent Developments Government changes the base years for GDP and retail inflation calculation
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