Retail inflation inches up for first time in four months
File photo. Photograph: (Reuters)
Annual retail inflation accelerated in April to 4.58 per cent, after easing for three straight months, government data showed on Monday, mainly driven by faster increases in fuel prices.
Analysts polled by Reuters had forecast April's CPI inflation at 4.42 per cent, up from March's 4.28 per cent.
April was the sixth straight month in which inflation was higher than the Reserve Bank of India's medium-term target of 4 per cent.
The Reserve Bank of India's medium-term target is 4 per cent.
Earlier on Monday, the government said that the wholesale price inflation (WPI) in April increased to 3.18 per cent, compared with the poll's forecast of 2.86 per cent and March`s level of 2.47 per cent.