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Retail inflation eases to 4.29% in April

Sumit Arora Published On May 14th, 2021 Leave a comment

The country’s retail inflation, measured by the Consumer Price Index (CPI), eased to 4.29 per cent in the month of April. Separately, India’s factory output, measured in terms of the Index of Industrial Production (IIP), witnessed a growth of 22.4 per cent in March, two separate data released by the Ministry of Statistics & Programme Implementation (MoSPI).

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The retail inflation during the month of March was at 5.52 per cent. This is the fifth consecutive month that the CPI data has come within the Reserve Bank of India’s (RBI) upper margin of 6 per cent. The government has asked the central bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for a five-year period ending March 2026.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.