India’s retail inflation eases slightly in April, surge in food prices continues
New Delhi, May 13 (Reuters): India’s retail inflation rate eased slightly in April, partly due to lower fuel prices, although food prices remained elevated, government data showed on Monday. Annual retail inflation (INCPIY=ECI), opens new tab in April was 4.83%, down from 4.85% in March. Economists polled by Reuters had forecast April retail inflation at 4.80%. Food inflation, which accounts for nearly half of the overall consumer price basket, rose 8.70% in April, compared with a 8.52% rise in the previous month. Food inflation has been accelerating at over 8% year-on-year since November 2023. The inflation rate for cereals was