New Delhi, May 13 -- India's retail inflation eased in April to its slowest pace in over six yearson the back of lower food prices, according to provisional government data released on Tuesday.
Retail inflation, based on the Consumer Price Index (CPI), rose 3.16% year-on-year in April, down from 3.34% in March, 3.61% in February, and 4.83% in the same month last year, according to data from the Ministry of Statistics and Programme Implementation (MoSPI).
Food inflation eased to 1.78% in April, down from 2.69% in March, 3.75% in February, and 4.83% in the same month last year.
AMint poll of 21 economists had projected retail inflation easing to 3.2% in April from 3.34% in March, marking a third consecutive month of sub-4% print and the ...
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