India: Inflation declines to lowest level since January in April
Consumer prices rose 0.70% from the previous month in April, accelerating from the 0.13% increase logged in March. April’s result marked the sharpest increase in prices since October 2020. The reading was largely due to rising prices for food and beverages. In addition, price pressures for clothing and footwear also increased robustly over the previous month.
Inflation fell to 4.3% in April from March’s 5.5%. April’s reading represented the lowest inflation rate since January. Accordingly, the trend pointed down, with annual average inflation coming in at 5.9% in April (March: 6.2%).