Retail inflation rose marginally to 2.92% in April, mainly due to spike in food prices.
The RBI mainly factors in the CPI-based inflation while arriving at its monetary policy.
Retail inflation rose marginally to 2.92% in April, mainly due to spike in food prices.
The inflation based on Consumer Price Index (CPI) 2.86% in the previous month and 4.58% in April 2018, said the data released by the Central Statistics Office (CSO).
As per the data, the inflation in the food basket was 1.1% in April, up from 0.3% in March.
The Reserve Bank of India (RBI) mainly factors in the CPI-based inflation while arriving at its monetary policy.
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