Retail Inflation Eases To 4.29% In April On Decline In Food Prices

Retail Inflation:

Retail inflation eased to 4.29 per cent in April 2021, owing to a drop in food prices, government data showed on Friday. The inflation rate was slightly higher than a recent poll conducted by news agency Reuters last week, which estimated that the retail inflation eased 4.20 per cent in April from March’s four-month high of 5.52 per cent. The food inflation — or the inflation in the prices of food items last month dropped from 4.87 per cent in March to 2.02 per cent in April. The Reuters poll conducted with more than 50 economists, predicted the retail inflation in April just above the Reserve bank of India’s four per cent mid-point target . (Also Read: Benign Food Prices Likely Dragged Retail Inflation To 3-Month Low In April: Poll )


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