India Inflation Slows In April

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India’s consumer price inflation slowed in April, after accelerating in the previous month, preliminary data from the statistical office showed Wednesday.

The consumer price index rose 4.29 percent year-on-year after a 5.52 percent jump in March. Economists had forecast an inflation rate of 4.20 percent.

The consumer food price index rose 2.02 percent year-on-year after a 4.97 percent climb in the previous month.

Food and beverages prices rose 2.66 percent annually and those of clothing and footwear grew 3.49 percent. The cost of housing increased 3.73 percent and that of fuel and light grew 7.91 percent.

Compared to the previous month, consumer prices rose 0.70 percent in April and food prices increased 0.97 percent.

The material has been provided by InstaForex Company – www.instaforex.com

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