Price Relief for India: Retail Inflation Falls to 3.16%, Best in Six Years!
In a landmark moment for India s economic journey retail inflation cooled to a refreshing nbsp in April nbsp the lowest in a staggering months This marks the sixth consecutive month of declining inflation signaling a positive shift in the cost of living The Consumer Price Index CPI released by the nbsp Ministry of Statistics and Programme Implementation paints a picture of easing price pressure that hasn t been seen since July nbsp After peaking at a -month high of nbsp in October inflation has been on a graceful downward slope March saw CPI at and now April s figures firmly anchor the optimism It s more than a statistic it s a story of economic recovery resilience and responsive policymaking The Fresh Basket Effect Food Prices Lead the FallAt the heart of this inflation miracle lies your everyday market basket Food and beverages which recorded an impressively low inflation