In April 2023 policy, RBI took a tactical pause in the rate hike cycle while being watchful of the inflation prints.Ĭurrently, RBI's policy repo rate is at 6.50%. The development will help the central bank to stay on an extended pause." This is the last inflation print before the MPC meets for its review meet in June. Read here: India's forex reserves rise by $7.2 bln to reach at 11-month high, nears $600 blnĪlso, Nish Bhatt, Founder & CEO, of Millwood Kane International said, "Going forward, a steady price trajectory of crude oil and a good monsoon year will help keep inflation in check. Having said this, MPC will be watchful of risks from adverse weather on food inflation and volatility in oil prices." The latest CPI print for April at 4.7% along with core inflation falling to 5.3% gives MPC a breather before the upcoming policy meeting in June to continue a pause in rate hikes. In April 2023, NSO collected prices from 99.83% of villages and 98.56% of urban Markets while the Market-wise prices reported therein were 89.90% for rural and 93.14% for urban.įor the latest inflation print, Vivek Goel, Co-founder and Joint Managing Director said, "The fall in inflation numbers is in line with estimates, aided by a favourable base and the same is expected to continue in coming months. Miscellaneous inflation stood at 4.92%.Īs per the Ministry of Statistics & Programme Implementation data, the price data was collected from selected 1114 urban markets and 1181 villages covering all States/UTs through personal visits by field staff of the Field Operations Division of NSO, MoSPI on a weekly roster.
Clothing and footwear inflation was at 7.47%.Īlso, housing inflation was at 4.91% in April, while fuel and light inflation came in at 5.52%.
Read here: Factory output rises 1.10% in March, grows by 5.1% in FY23įurther, in April month, the inflation rate in food and beverages stood at 4.22%, while the rate for pan, tobacco, and intoxicants came in at 3.46%.
The CPI stood at 178.1 in April 2023, while food inflation was at 175.9. In March 2023, food inflation was at 4.79%. The consumer food price index (CFPI) comes at 3.84% in April 2023 versus 8.31% in the same month a year ago. The easing in CPI comes due to a steep decline in food inflation.
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