{"id":319871,"date":"2023-05-12T12:59:00","date_gmt":"2023-05-12T12:59:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/05\/12\/indias-retail-inflation-falls-to-4-7-in-april-lowest-since-october-2021\/"},"modified":"2023-05-12T12:59:00","modified_gmt":"2023-05-12T12:59:00","slug":"indias-retail-inflation-falls-to-4-7-in-april-lowest-since-october-2021","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/05\/12\/indias-retail-inflation-falls-to-4-7-in-april-lowest-since-october-2021\/","title":{"rendered":"India’s Retail Inflation Falls To 4.7% In April, Lowest Since October 2021"},"content":{"rendered":"

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\"India's<\/div>\n

India’s retail inflation fell from 5.66 per cent in March to 4.7 per cent in April<\/p>\n<\/div>\n

New Delhi: <\/b><\/p>\n

India’s retail inflation fell from 5.66 per cent in March to 4.7 per cent in April, the first time since November 2021 when it fell below 5 per cent.<\/p>\n

April food inflation has eased further to 3.8 per cent from 4.7 per cent in March.<\/p>\n

The significant fall in inflation is driven by a corresponding fall in food and beverage prices, which had a 54 per cent weightage in the overall rate.<\/p>\n

The index of industrial production (IIP), which shows the growth rates of different sectors, shrunk to 1.1 per cent in March from 5.6 per cent in February.<\/p>\n

“The price data was collected from 1,114 urban markets and 1,181 villages,” the government said in a statement.<\/p>\n

It was for the second month in a row that the consumer price index (CPI) based inflation remained within the Reserve Bank of India’s (RBI) comfort zone of below 6 per cent.<\/p>\n

The RBI has projected the CPI inflation at 5.2 per cent for fiscal 2024.<\/p>\n

While food and fuel prices contributed to a fall in inflation, there is also a base effect at play. The inflation rate in April 2022 was 7.8 per cent, much above the RBI’s 6 per cent threshold. The inflation rate, hence, is lower compared to the high prices last year.<\/p>\n<\/div>\n

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[ad_1] India’s retail inflation fell from 5.66 per cent in March to 4.7 per cent in April New Delhi: India’s retail inflation fell from 5.66 per cent in March to 4.7 per cent in April, the first time since November 2021 when it fell below 5 per cent. April food inflation has eased further to […]<\/p>\n","protected":false},"author":1,"featured_media":319872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[2750,48085],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/319871"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=319871"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/319871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/319872"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=319871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=319871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=319871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}