India’s April Retail Inflation Eases Marginally to 4.83%

In April 2024, India's retail inflation slightly decreased to 4.83% from 4.85% in March, primarily due to lower prices in the fuel and light sectors. However, food inflation rose from 8.52% to 8.7%, maintaining unpredictability. The Consumer Price Index (CPI) tracks changes in a market basket of goods and services, influencing economic decisions and monetary policies. The Monetary Policy Committee (MPC), which includes the governor of the Reserve Bank of India, meets every six weeks to set interest rates and manage inflation, aiming to maintain economic stability. Despite the slight easing, persistent high food prices present ongoing challenges.