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Inflation eases to 4.29% this quarter

Date: 14 May 2021 Tags: Reports & Indices
  • India’s retail inflation slowed to a three-month low of 4.29% in April, from 5.52% in March, helped by softer food prices as well as a base effect.
  • Retail food inflation eased to 2.02% in April, from 4.87% in the preceding month, with rural India recording a mere 1.45% food inflation compared with almost 4% in March.
  • Overall rural retail inflation was 3.82%, slower than the 4.77% pace averaged in urban areas.
  • The March IIP data showed manufacturing grew by 25.8% and electricity generation by 22.5% over the year-earlier period, when industrial activity had collapsed 18.7% in the wake of the COVID-19 lockdown.