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#easynomics #inflation #india #cpi #straightfall #april #cpiinflation #inflationdata #consumerpriceindex
According to government data released on Friday, the India’s retail inflation falls to an 18-month low of 4.7% in April. It was primarily the result of falling food costs. Consumer Price Index (CPI)-based inflation stayed below the RBI’s comfort level of 6% for the second consecutive month in 2023. Retail inflation measured by the Consumer Price Index (CPI) was 5.66% in March 2023 and 7.79% in the same month last year. The rate of retail inflation in April is the lowest since it was 4.48 percent in October 2021. Join BTTV’s Managing Editor Siddharth Zarabi in an exclusive discussion with Saugata Bhattacharya, Senior Vice President & Chief Economist, Axis Bank, to know what it entails for a commoner and possible impact it can pose on next monetary policy announcement.
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