India Consumer Inflation Falls to 5-Month Low


CPI inflation in India slowed for the second consecutive month to 4.87 percent in April of 2015 from an upwardly revised 5.25 percent in March, dragged down by lower food prices.

Cost of food and beverages rose 5.36 percent in April, down from 6.2 percent in March, provisional estimates showed. The food alone index rose 5.11 percent compared with 6.14 percent in March. Cost of vegetables slowed sharply to 6.63 percent (11.26 percent in the previous month) and fruit prices eased to 5.08 percent (7.41 percent in the previous month). Cost of meat and fish increased 5.5 percent; snacks, prepared meals and sweets rose 7.68 percent; milk went up 8.21 percent and spices surged 8.7 percent. In contrast, price decreases were reported for sugar (-5.99 percent) and egg (-1.46 percent). 

Cost of fuel and light rose 5.6 percent in April, up from 5.07 percent in March. Prices of clothing and footwear eased to 6.15 percent (6.27 percent in the previous month) while growth in housing cost slowed to 4.65 percent (4.77 percent in the previous month). In addition, transport and communication cost fell 0.9 percent compared to 1.35 percent decline in March.

The corresponding provisional inflation rates for rural and urban areas for April of 2015 are 5.37 percent and 4.36 percent.

India Consumer Inflation Falls to 5-Month Low


Joana Taborda | joana.taborda@tradingeconomics.com
5/12/2015 1:26:23 PM