Indian inflation likely to rise in November

India's CPI year on year is expected by market consensus to be 5.33% for the month of November, rising modestly from that of its previous month's value. 

There is a continuous deficiency of rainfall for the second year, which led to low production of pulses, along with rising demand, the country has resorted to import large quantities of pulses to keep the prices low, however the prices continued to shoot up.

Hence, along with the pulses, the prices of fruit and vegetables were main drivers to the soaring inflation.

"We expect India's headline CPI for November 2015 to print at around 5.4% yoy, higher than the October 2015 CPI print of 5.0% yoy", says Societe Generale.