Here's what experts make of the CPI and IIP data

Retail inflation hits a 40 month high of 5.5 percent in November as food prices remain elevated. Industrial output also dropped for the third consecutive month in October, but the reading is not as bad as expected. CNBC-TV18 spoke with Aditi Nayar Principal Economist at ICRA, Upasna Bhardwaj Sr. Economist at Kotak Mahindra Bank, DK Joshi Chief Economist at Crisil and A Prasanna Chief Economist at I-SEC PD to decode the data.