In April, retail inflation fell to 3.16% in nearly six years, mainly due to slightly higher prices for vegetables, fruits, beans and other protein-rich items and are still within the Reserve Bank’s comfort zone. The inflation of the Consumer Price Index (CPI) was 3.34% in March, at 4.83% in March, at 4.83% year-on-year, and the percentage was 3.15% at 3.15%.
Food inflation in April was 1.78%, down from 2.69% last month and 8.7% in the previous month. The Reserve Bank has been asked to ensure inflation remains at a balance of 4%, with profit margins of 2% on both sides, and as price situations improve, its key interest rates on two stocks cut by 50 basis points in two batches.
The central bank expects CPI inflation to be 4% in fiscal 2025-26, 3.6% in the first quarter, 3.9% in the second quarter, 3.8% in the third quarter, and 4.4% in the fourth quarter.
