India News | Retail Inflation Eases to 4.83 Pc in April
Get latest articles and stories on India at LatestLY. Retail inflation eased to 4.83 per cent in April as prices of some kitchen items declined, according to government data released on Monday.
New Delhi, May 13 (PTI) Retail inflation eased to 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.
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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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)