Retail inflation rate in April increases to 5.84 percent
Economy

Retail inflation rate in April increases to 5.84 percent

Agency News

New Delhi, May 12: Retail inflation rate in April increased to 5.84 per cent as compared to March at 5.91 per cent, according to data released by the government on Tuesday.

Food prices, which is a gauge to measure changes in kitchen budgets, remained unchanged at 8.76 per cent in April. ''In view of the limited transactions of products in the market in the month of April, 2020, it has been decided to release the Price Movement of Sub-groups or Groups of CPI, following the principles of adequacy,'' the Ministry of Statistics & Programme Implementation said.

Accordingly, the Price Movement for the sub-groups ‘Meat and fish’ and ‘Prepared meals, snacks, sweets etc.’ under ‘Food & Beverages’ Group as well as the Groups ‘Pan, tobacco and intoxicants’ Group, ‘Clothing and Footwear Group’ were not compiled, according to the the statement. Under the ‘Miscellaneous’ Group, only the index for ‘Health’ subgroup has been compiled for the month of April, 2020.

The General CPI and indices at State and UT level were not being released for April 2020. The price of only those items were included which have been reported from at least 25 percent of markets, separately for Rural & Urban sector and constituted more than 70 per cent weight of the respective Sub-groups or Groups. The Price data are usually collected from selected 1114 urban markets and selected 1181 villages through personal visits by field staff of Field Operations Division of NSO, MoSPI on a weekly roster. In view of the preventive measures and announcement of nation-wide lockdown by the Government to contain spread of COVID-19 pandemic, the price collection of Consumer Price Index (CPI) through personal visits of price collectors was suspended with effect from March 19.

In April, price data was largely collected by telephonic enquiry from the designated outlets. This was supplemented by information collected during the personal purchase of field staff for the items being transacted from neighborhood outlets keeping in view the travel advisories, the ministry said. (UNI)

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