Inflation Down to 8.66 pc in April as per Govt Expectation


New Delhi, May 16 (PTI) Headline inflation in the country came down marginally to 8.66 per cent in April on the back of moderation in prices of certain food items, in line with the government's expectations.

However, prices of manufactured products and fuel and power continue to climb.

Overall inflation, as measured on the basis of the Wholesale Price Index (WPI), has been revised to 9.04 per cent for March from the original projection of 8.98 per cent. The revision was carried out as metal products were not incorporated earlier due to a programming error, the Department of Economic Affairs said.

In addition, the inflation figure for February has also been revised upward to 9.54 per cent from the provisional 8.31 per cent.

Chief Economic Advisor Kaushik Basu recently said that headline inflation in April would come down to 8.5-8.

  

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Title: Inflation Down to 8.66 pc in April as per Govt Expectation



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