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CPI inflation slows to 9.39 per cent in April

Food prices for consumers rose an annual 10.61 per cent in April, slower than an annual rise of 12.42 per cent in March.
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New Delhi:

India's annual consumer price inflation slowed for the second straight month in April to 9.39 per cent, government data showed on Monday.

Consumer prices rose an annual 10.39 per cent in March.

Food prices for consumers rose an annual 10.61 per cent in April, slower than an annual rise of 12.42 per cent in March.

Unlike most central banks, the Reserve Bank of India mainly uses the wholesale price index (WPI) for setting up its monetary policy.

Inflation as measured by India's benchmark wholesale price index probably eased to 5.50 per cent in April, the lowest level since November 2009, according to a Reuters poll.

WPI data is due on Tuesday around 12 noon.

Copyright: Thomson Reuters 2013



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