April inflation News

The inflation based on Consumer Price Index (CPI) 2.86 percent in the previous month and 4.58 percent in April 2018, said the data released by the Central Statistics Office (CSO).

 Indian core inflation remains sticky and a bit higher than policymakers would like to see, Reserve Bank of India governor Raghuram Rajan said on Friday.

With inflation dropping to a new low in April, industry bodies have reaffirmed demand for a rate cut, saying it provides ample space for the RBI to slash the key policy rate to fuel investments and propel growth.

The annual rate of inflation, based on monthly WPI, stood at -2.65% for the month of April as compared to -2.33% for the previous month.

Retail inflation eased to four-month low of 4.87 percent in April while industrial output slowed to a five-month low of 2.1 percent in March.

Retail inflation in April softened further and fell to a four-month low of 4.87 percent as prices of food items, vegetables and fruits turned cheaper.

On the back of easing food prices, the retail inflation for the month of April cooled down further to a 4-month low of 4.78 percent as against 5.17 percent in the month of March.