India's retail inflation dropped to 4.83% in April, while food prices surged to a four-month high of 8.7%.

India's retail inflation dropped to a 11-month low of 4.83% in April from 4.85% in March, as overall consumer prices moderated. However, food prices experienced a surge, reaching a four-month high at 8.7%. The Consumer Price Index (CPI) has stayed within the Reserve Bank of India's (RBI) "tolerance range" of 4% (+/-2%) since September 2023. Despite the overall price decline, the RBI has stated that the task of curbing inflation is not yet complete.

May 13, 2024
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