Retail inflation eases to 4.29% in April

PTIUpdated: Wednesday, May 12, 2021, 06:10 PM IST
article-image
Navi Mumbai: Vegetable prices skyrocket as supply dips in Vashi's APMC market/ File image | Salman Ansari (Representational Image)

Retail inflation slowed to 4.29 per cent in April from 5.52 per cent in March, mainly due to easing food prices, government data showed on Wednesday.

The Reserve Bank mainly factors in the retail inflation based on Consumer Price Index (CPI) while arriving at its monetary policy.

As per the data released by Ministry of Statistics and Programme Implementation, inflation in the food basket was 2.02 per cent in April, down from 4.87 per cent in the preceding month.

Aditi Nayar, Chief Economist, ICRA, said given the high base related to the supply disruptions seen during the nationwide lockdown in April 2020, the CPI inflation dipped to a three-month low in April 2021, while printing somewhat higher than the expectations.

Overall, the prevailing localised restrictions appear to have had a limited impact on prices in April 2021, she added.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Auto sales up by 91% in September buoyed by chip supplies and festive spirit

Auto sales up by 91% in September buoyed by chip supplies and festive spirit

Implementation of excise duty on petrol without ethanol pushed by a month

Implementation of excise duty on petrol without ethanol pushed by a month

October is set to have 21 bank holidays, so plan your bank visits and big transfers accordingly

October is set to have 21 bank holidays, so plan your bank visits and big transfers accordingly

Oracle slapped with $23 million fine for bribing officials of Indian Railways-owned firm

Oracle slapped with $23 million fine for bribing officials of Indian Railways-owned firm

Watch: Elon Musk’s humanoid robot has finally arrived, but is it worth the hype?

Watch: Elon Musk’s humanoid robot has finally arrived, but is it worth the hype?