Core CPI Inflation surges to 5.8% in April 2018
The all-India general CPI inflation increased to 4.58% in April 2018 (new base 2012=100), compared with 4.28% in March 2018, snapping consistent moderation for last three months. The corresponding provisional inflation rate for rural area was 4.67% and urban area 4.42% in April 2018 as against 4.44% and 4.12% in March 2018. The core CPI inflation increased to 5.80% in April 2018 compared with 5.23% in March 2018.The cumulative CPI inflation had declined to 3.59% in April-April FY2018 compared with 4.52% in April-April FY2017.
Among the CPI components, inflation of food and beverages eased to 3.00% in April 2018 from 3.08% in March 2018. Within the food items, the inflation fell for vegetables to 7.29%, sugar and confectionery -4.05%, milk and products 3.21% and egg 6.26%. However, the inflation jumped for fruits 9.65%, cereals and products to 2.56%, pulses and products -12.35%, spices 1.25%, prepared meals, snacks, sweets etc 4.85%, oils and fats 2.11% and meat and fish 3.59% in April 2018.
The inflation for housing rose to 8.50%, while that for miscellaneous items moved up to 4.96% in April 2018. Within the miscellaneous items, the inflation for transport and communication increased to 4.55%, education 5.06%, health 5.54% and household goods and services 4.75%, while it has rose for personal care and effects 4.96% and recreation and amusement 4.96% in April 2018.
The inflation for clothing and footwear was higher at 5.11%, while the CPI inflation of fuel and light eased to 5.24% in April 2018.
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