Retail Inflation Inches Up to 4.58 Percent in April; CPI on Decline Since A Year
The CSO data further revealed that inflation in the fuel and light segment also came in lower at 5.24 percent month-on-month basis.
Mumbai, May 14: The retail inflation shot up to 4.58 percent in the month of April, as the prices of cereals, fish, and fruits showed a marginal increase. The Consumer Price Index (CPI), a key factor taken into consideration by the Reserve Bank of India (RBI) while computing the interest rate, was recorded at 4.28 percent in the month of March.
The inflation, which is based on CPI, was 2.99 percent last year in April. The trends have shown that the CPI is on the decline, since January last year.
As per data released by the Central Statistics Office (CSO), the rate of price rise in the protein-rich items like meat and fish inched up in April to 3.59 percent, as against the previous month of 3.17 percent.
Similarly, the inflation in the fruit basket was higher at 9.65 per cent compared to 5.78 per cent in the previous month. However, inflation in the vegetable segment was lower at 7.29 percent in April compared to 11.7 percent.
Overall, inflation in the food basket remained flat at 2.8 per cent month-on-month. The CSO data further revealed that inflation in the fuel and light segment also came in lower at 5.24 percent month-on-month basis.
With Agency Inputs
(The above story first appeared on LatestLY on May 14, 2018 06:50 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).