News India Live, Digital Desk: Retail inflation has come down to 3.16 percent in April. This is its lowest level in about six years. This decline was mainly due to a fall in prices of vegetables, fruits, pulses and other protein -rich items. This figure is in the comfortable realm of the Reserve Bank of India. For comparison, inflation was 3.34 percent in March last year and 4.83 percent in April. Last time it was so low in July 2019 at 3.15 percent.
Food inflation declined to 1.78 percent in April, which was 2.69 percent in March, and a sharp decline in the same month as compared to 8.7 percent in the same month.
Key Features-April 2025 (Year-by year):
The prices of vegetables declined by 11 percent, more than the 7.04 percent decline in March.
– Grain prices increased by 5.35 percent, which is slightly less than the increase of 5.93 percent in March.
– Prices of pulses declined by 5.23 percent, compared to 2.73 percent last month.
The Reserve Bank of India aims to keep inflation to around 4 percent, which may have a difference of 2 percent on both sides. As prices have come down, the central bank has cut its major interest rate in two phases by 50 basis points. Given the future, it hopes that inflation for 2025-26 will be 4 percent on an average, according to quarter estimates it will be 3.6 percent in the first quarter, 3.9 percent in the second quarter, 3.8 percent in the third quarter and 4.4 percent in the fourth quarter.
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