Business & Economy

Higher food prices take India’s retail inflation rate to 6-month high 2.92%

NetIndian News Network

New Delhi, May 13, 2019

India’s retail inflation rose to 2.92 percent in April, 2019 from 2.86% in the previous month, mainly due to higher food prices, official data released here today said.
The retail inflation rate was, however, lower than the 4.58% recorded in the same month of the previous year.
According to the data released by the Central Statistics Office (CSO) of the Ministry of Statistics and Programme Implementation, the inflation rate based on the Consumer Price Index (CPI) stood at 1.87% in rural areas and 4.23% in urban areas, making for a combined rate of 2.92% in April, 2019.
The inflation rate based on the Consumer Food Price Index (CFPI) stood at -0.80% in rural areas and 4.64% in urban areas, adding up to a combined rate of 1.10% in April, 2019 as compared to 0.30% in the previous month and 2.80% in the same month of the previous year.
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