Annual consumer price inflation (CPI) accelerated to 4.58% in April, the government data showed on Monday. Retail or consumer inflation last month had eased for the third straight month to 4.28 per cent, driven by lower food prices. The government data, on Monday, also revealed annual wholesale price inflation (WPI) of last month that accelerated, facilitated by higher fuel and food product prices. Annual wholesale price inflation last month rose to 3.18 per cent from a year earlier, higher than a 2.47 per cent rise in March, and an increase of 2.86 per cent forecast by economists in a Reuters poll. Wholesale food prices in April rose 0.67 per cent year-on-year, compared with a fall of 0.07 per cent a month earlier, data showed.
Retail Inflation Accelerates To 4.58% In April
