Diabytes
April retail inflation News
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April was the sixth straight month in which inflation was higher than the Reserve Bank of India`s medium-term target of 4 percent.
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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.
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.
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