Retail inflation rises marginally in April to 2.92% from 2.86% in March

India's retail inflation rate hit a six-month high in April, due to bigger increases in food prices, but remained below the Reserve Bank of India's target for a ninth month, keeping hopes alive for a June cut in the key interest rate.

Annual retail inflation in April was 2.92 per cent, up from the provisional 2.86% in the previous month, but slightly below analyst forecasts, government data showed on Monday, reported Reuters.
 
Pulses inflation stood at -0.89 per cent versus -2.25% (month on month), reported CNBC TV18. Cereals inflation was 1.17 per cent versus 1.25 per cent (MoM).