India's Retail Inflation Rises to 3.48% in April Amidst Higher Food Prices
India's retail Inflation at 3.48% in April on higher food prices
Business Standard
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India's retail inflation increased to 3.48% in April from 3.4% in March, driven by rising food prices and personal items. This marks a 13-month high, with significant price hikes in coconut, tomatoes, and cauliflower, despite some deflation in onions and potatoes.
- 01Retail inflation rose to 3.48% in April, up from 3.4% in March.
- 02Food inflation increased to 4.2%, influenced by high prices of certain vegetables.
- 03The inflation rate is at a 13-month high, the highest since March 2025.
- 04Rural inflation rose to 3.74%, while urban inflation increased to 3.16%.
- 05Deflation was observed in some food items like onions and potatoes.
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India's retail inflation rate increased to 3.48% in April 2023, up from 3.4% in March, according to the National Statistics Office (NSO). This rise is attributed to higher prices of food articles and personal items, marking a 13-month high. Food inflation, measured by the Consumer Food Price Index (CFPI), surged to 4.2% from 3.87% in the previous month, driven by significant price hikes in coconut (44.55%), tomatoes (35.28%), and cauliflower (25.58%). Other vegetables like green chilies and cabbage also saw elevated inflation rates. However, some items, including onions and potatoes, experienced deflation, with prices dropping by 17.67% and 23.69%, respectively. The rise in inflation is expected to exert indirect pressure due to higher energy prices and potential impacts from a weak monsoon. Rural inflation rose to 3.74%, while urban inflation increased to 3.16%.
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The rise in retail inflation could lead to increased costs for consumers, particularly affecting food prices, which may impact household budgets.
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