April retail inflation eases to 4.29%; March IIP grows 22.4%: Govt data

Inflation in the food basket was 2.02% in April, down from 4.87% in the preceding month; industrial production shrinks 8.6% in FY21 compared to 0.8% contraction in FY20

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

Consumer price inflation was predicted to cool to 4.2 per cent in April, just above the RBI's 4 per cent mid-point target and down from March's four-month high of 5.52%, according to