Retail inflation eases to 4.83 pc in April.
April sees retail inflation ease to 4.83%, driven by lower kitchen item prices. Food inflation slightly up at 8.70%. RBI monitors.
Retail inflation moderated to 4.83 percent in April, driven by a decline in prices of certain kitchen essentials, as per government figures released on Monday.
The Consumer Price Index (CPI)-based retail inflation stood at 4.85 percent in March and 4.7 percent in April 2023.
In April, inflation in the food segment was recorded at 8.70 percent, slightly higher than March's 8.52 percent, according to data from the National Statistical Office (NSO). The government has entrusted the Reserve Bank with the task of maintaining inflation at 4 percent, with a tolerance range of 2 percent on either side.
The Reserve Bank, which incorporates consumer inflation in its bi-monthly monetary policy decisions, highlights ongoing uncertainties in food prices that could influence the inflation trajectory ahead.
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