Retail inflation dips to 4-month low of 4.87%
Retail inflation in April softened further and fell to a four-month low of 4.87 <g data-gr-id="11">per cent</g> as prices of food items, vegetables and fruits turned cheaper. The retail inflation measured on the basis of Consumer Price Index (CPI) was revised upwards to 5.25 per cent from 5.17 per cent in March 2015. Fall in food inflation was mainly driven by fruits, vegetables, milk and related products. Food inflation, based on Consumer Food Price Index, fell to 5.11 per cent during the month from 6.14 per cent in March.
Prices of fruits and vegetables increased at a slower pace in April with inflation standing at 5.08 per cent and 6.63 per cent, respectively. The rate of price rise in cereals and products was <g data-gr-id="12">slower</g> than a month ago at 2.15%<g data-gr-id="14">,</g> while inflation in milk and its products was at 8.21 per cent. The price rise in most of the protein rich items remained higher in April with inflation in ‘meat and fish’ category at 5.5 <g data-gr-id="13">per cent</g>.