Retail Inflation Eases to 2.99 Percent in April
Retail inflation fell sharply to 2.99 percent in April, from 3.89 percent in March, due to lower cost of food items, including pulses and vegetables that showed a deflationary trend.
New Delhi: Retail inflation fell sharply to 2.99 percent in April, from 3.89 percent in March, due to lower cost of food items, including pulses and vegetables that showed a deflationary trend.
CPI inflation stood at 5.47 percent in April 2016. Pulses and products recorded a sharp fall in prices in April, with a deflation of 15.94 percent, while vegetable prices fell by 8.59 percent. The corresponding figures for March read (-)12.42 percent and (-)7.24 percent.
In the fuel and light category, the inflation reading in April stood at 6.13 percent, higher than 5.56 percent in March.
For cereals and products, the rate of price rise in April, at 5.06 percent, was lower than 5.38 percent in the at 1.90 percent during the reported month, from 2.96 percent in March.
Overall food inflation, or the rate of price increase, for April was at 0.61 per cent as against 1.93 percent previously.
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