What's NewCPI inflation exceeds MPC's inflation target of 4%

In November 2017, CPI inflation accelerated to a 15-month high of 4.88% YoY, from a reading of 3.58% YoY in the previous month. The rise in retail inflation was led by fuel and food inflation.The retail inflation crossed the medium-term inflation target (4%) of the MPC and has entered the upper end of the inflation target bandwidth.(4-6%). (December 12th, 2017)

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