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Retail inflation eases to 4.29% in April 2021 on sharp dip in food prices
India s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, as per the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday
BusinessToday.In | May 12, 2021 | Updated 18:23 IST
India s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, as per the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday
India s Consumer Price Index (CPI) based retail inflation eased to 4.29% in the month of April, primarily due to reduction in food prices, as per the data released by the Ministry of Statistics & Programme Implementation (MoSPI) on Monday, May 12. It stood at 5.52% in March.
Lower food prices sequentially eased India’s retail inflation in April as the Consumer Price Index (CPI) decreased to 4.29 per cent from 5.52 per cent in March. According to the data furnished by the National Statistical Office (NSO), the CPI Urban rose by 4.77 per cent
Unfavourable conditions for the rupee
Akhil Nallamuthu
BL Research Bureau |
Updated on
April 15, 2021
The local currency might fall to 75.60 against the dollar in near-term Liquidity measures like G-SAP (G-sec acquisition programme) and the extension of TLTRO (Targeted Long Term Repo Operations) announced by the Reserve Bank of India last week ignited the bearish sentiment in the rupee (INR). As a result, the domestic currency slipped below the important base of 75 and is now trading around 75.20 versus the dollar (USD). The year-to-date loss stands at about 2.9 per cent.
Inflation tightens Adding to the pressure on the rupee, inflation has seen an uptick in March. As per the government data, the Consumer Price Index (CPI) based inflation in March stood at 5.52 per cent. While it is lower compared to 5.91 per cent recorded in the same month last year, sequentially it has seen a rise as the inflation rate was 5.03 per cent in February. This is largely due to an increase i
Retail inflation rises to 5.52% as food prices soar
Inflation in food basket, or Consumer Food Price Index (CFPI), rose to 4.94 per cent in March from 3.87 per cent in February, government data showed
BusinessToday.In | April 12, 2021 | Updated 18:25 IST
Retail inflation rises again
Retail inflation, calculated on the basis of Consumer Price Index (CPI), increased to 5.52 per cent in March, up from 5.03 per cent recorded in February, showed government data released on Monday. Inflation in food basket, or Consumer Food Price Index (CFPI), rose to 4.94 per cent in March from 3.87 per cent in February.
Vegetable prices declined 4.83 per cent, while cereal and products and sugar and confectionery segments saw prices fall 0.69 and 0.53 per cent, respectively. This, however, was not enough to moderate the price rise in overall food basket.