Begin typing your search...

Retail inflation falls to 11-mth low of 4.83%

Consumer Price Index was 4.85% in March

image for illustrative purpose

Retail inflation falls to 11-mth low of 4.83%
X

14 May 2024 6:45 AM IST

New Delhi: Retail inflation eased to 11-month low of 4.83 per cent in April as prices of some kitchen items declined, according to government data released on Monday. The Consumer Price Index (CPI) based retail inflation was 4.85 per cent in March. It was 4.7 per cent in April 2023. Inflation in the food basket was at 8.70 per cent in April, marginally up from 8.52 per cent in March, according to the data released by the National Statistical Office (NSO).

The government has tasked the Reserve Bank to ensure inflation remains at 4 per cent, with a margin of 2 per cent on either side. According to the Reserve Bank, which factors in consumer inflation while arriving at its bi-monthly monetary policy, food price uncertainties continue to weigh on the inflation trajectory going forward.

Retail inflation Consumer Price Index Government data National Statistical Office Food inflation RBI Monetary policy Price uncertainties 
Next Story
Share it