Monday, June 17, 2024
    HomeFinanceThe retail inflation drops to a 4.7% 18-month low.

    The retail inflation drops to a 4.7% 18-month low.

    Related stories

    CPI says people have taught Modi a harsh lesson

    Chada Venkat Reddy, a CPI national executive member, criticized...

    Jagan left powerless after receiving shocking news from Telangana

    GHMC recently demolished encroachments at the residence of former...

    Maoists Arrested at Telangana-Chhattisgarh Border, Plans Thwarted by Police

    The police stopped Maoists from planting landmines in the...

    Retail inflation in India fell to an 18-month low of 4.7% in April, according to government data released on Friday. This was mainly due to lower prices of vegetables, oils and fats. The Consumer Price Index (CPI) has remained within the Reserve Bank of India’s comfort zone of below 6% for the second month in a row. The government has set a target of 4% for retail inflation with a margin of 2% on either side. Inflation in the food basket was 3.84% in April, accounting for nearly half of the CPI.

    The decline in retail inflation can be attributed to a fall in the prices of ‘oil and fats’, vegetables, and ‘meat and fish’ by 12.33%, 6.5%, and 1.23%, respectively, on an annual basis. However, prices of spices, cereals and products, and ‘milk and milk products’ increased during the same period. The April 2023 CPI inflation eased due to cooler than normal temperatures, which delayed the seasonal rise in prices of perishable items.

    - Advertisement -
    Also read:  Solution Sought for Sewage Overflows in Aurora Colony

    This is good news for India’s economy as lower inflation means lower interest rates, which can boost economic growth.

    - Advertisement -
    Rajesh M
    Rajesh M
    Latest News from Hyderabad, Telangana, India & World!

    Follow us


    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at

    Latest stories


    Please enter your comment!
    Please enter your name here