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14-May2019

CPI inflation hits 6-month high of 2.92% in April

India's retail inflation based on Consumer Price Index (CPI) continued northward journey for third straight month and inched up to a 6-month high of 2.92% in April 2019 due to a spike in food prices, including vegetables, meat, fish and eggs. The data showed that inflation was at 2.86% in March 2019 and 4.58% in April 2018. The rate of price rise in April is the highest since October 2018 when the rate was 3.38%. Besides, inflation in the food basket was 1.10% in April, up from 0.30% in March, while it was 2.80 in April 2018.

As per the data of the Central Statistics Office (CSO), Ministry of Statistics and Programme, the CPI (Rural, Urban, Combined) on Base2012=100 for April 2019, stood at 1.87%, 4.23% and 2.92%, respectively, compared to 4.67%, 4.42% and 4.58%, respectively in April 2018. The index value of CPI for combined stood at 141.1. The data also showed that CFPI for all India Rural and Urban for April 2019 stood at (-) 0.80% and 4.64%, respectively, compared to 3.63% and 1.29%, respectively in April 2018. The index value of CFPI for combined stood at 137.3 for the month of April.

Prices of vegetables rose by 2.87% against a contraction in March. However, fruit prices declined in April compared to the year-ago month. Besides, food & beverage inflation rose to 1.38% in April from 0.66% in March 2019, the fuel, light inflation was recorded at 2.56% in April 2019 against 2.42% in March 2019, while, the housing inflation decreased to 4.76% in April 2019 from 4.93% in March 2019. Meantime, Pan, tobacco and intoxicants saw rate of 4.27%, clothing & footwear was at 2.01%.


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