{"id":8042,"date":"2023-05-12T23:53:12","date_gmt":"2023-05-13T03:53:12","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/india-inflation-fell-to-18-month-low-in-april-as-food-prices-eased-further\/"},"modified":"2023-05-12T23:53:12","modified_gmt":"2023-05-13T03:53:12","slug":"india-inflation-fell-to-18-month-low-in-april-as-food-prices-eased-further","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=8042","title":{"rendered":"India Inflation Fell to 18-Month Low in April as Food Prices Eased Further"},"content":{"rendered":"
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By Ed Frankl<\/pre>\n
India’s annual inflation fell in April for the third month in a row, reaching further into the central bank’s target range, as food inflation eased.<\/p>\n
Consumer prices rose 4.70% in April compared with the same month a year earlier, an 18-month low, and down from a 5.66% on-year increase recorded in March, according to government preliminary data published Friday.<\/p>\n
\n
The reading was a touch above consensus forecast of 4.6% from economists polled by FactSet, and met the central bank’s target of 2% to 6%.<\/p>\n
Food and beverages prices–which make up almost half of the consumer price index–increased 4.22% in April, easing from March’s 5.11% on-year rise.<\/p>\n
Clothing-and-footwear inflation was 7.47% in April, while for fuel it was 5.52%, with both measures easing from March, according to the data.<\/p>\n
The news further eases the pressure on India’s central bank, supporting its surprise decision in April to hold its benchmark interest rate at 6.50%.<\/p>\n
Write to Ed Frankl at edward.frankl@wsj.com<\/p>\n
<\/pre>\n<\/p><\/div>\n<\/div>\n
Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"
By Ed Frankl India’s annual inflation fell in April for the third month in a row, reaching further into the central bank’s target range, as food inflation eased. Consumer prices rose 4.70% in April compared with the same month a year earlier, an 18-month low, and down from a 5.66% on-year increase recorded in March, […]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-8042","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nIndia Inflation Fell to 18-Month Low in April as Food Prices Eased Further | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Ed Frankl India's annual inflation fell in April for the third month in a row, reaching further into the central bank's target range, as food inflation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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