Pricier vegetables, particularly increases in the cost of basic veggies like tomatoes and onions, drove consumer prices to a 15 month high in November. Inflation jumped 4.88% compared to November last year, breaking past RBI's medium term target of 4%. Consensus estimates had pegged the rise for November to be lower at 4.29%. This is quite a jump from July, when inflation had hit an all-time low. 

Rising crude oil prices haven't helped, and global crude prices soared past the $65 per barrel mark today after the critical UK North Sea pipeline was shut down for emergency repairs. A 10% rise in crude oil prices according to UBS Global Research can increase consumer inflation by 25 bps, if the government passes the price rise to consumers. Higher crude prices are impacting transport and logistics costs for the movement of goods and vegetables.