CPI inflation dips to 3% in April 2017

Core inflation plunges to 4.4% in April 2017 from 4.8% in March 2017

The all-India general CPI inflation dipped to record low of 2.99% in April 2017 (new base 2012=100), compared with 3.89% in March 2017. The corresponding provisional inflation rate for rural area was lower at 3.02% and urban area 3.03% in April 2017 as against 3.75% and 3.96% in March 2017. The core CPI inflation rose plunged to 4.44% in April 2017 from 4.83% in March 2017. The cumulative CPI inflation was lower at 4.52% in April-March FY2017 compared with 4.91% in April-March FY2016.

Among the CPI components, inflation of food and beverages fell to 1.21% in April 2017 from 2.54% in March 2017 mainly contributing to the dip in CPI inflation. Within the food items, the inflation slipped for fruits to 3.78%, pulses and products (-) 15.94%, vegetables (-) 8.59%, sugar and confectionery 11.37%, meat and fish 1.90% and cereals and products 5.06%. The inflation also declined for spices to 1.71%, oils and fats 3.14%, prepared meals, snacks, sweets etc 5.49% and non-alcoholic beverages 3.16%. On the other hand, inflation rose marginally for egg to 3.44% and milk and products 4.74% in April 2017.

The inflation for housing eased marginally to 4.86%, while that for miscellaneous items dipped to 4.25% in April 2017. Within the miscellaneous items, the inflation for transport and communication eased to 4.01%, personal care and effects 4.23%, education 5.32% and recreation and amusement 3.30%, while its was flat for household goods and services at 3.90% in April 2017.

The inflation for clothing and footwear rose slightly to 4.58% in April 2017, while the CPI inflation of fuel and light increased to 6.13% in April 2017.

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