India's retail inflation drops to 18-month low in April

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India's retail inflation drops to 18-month low in April

STORY: India's retail inflation drops to 18-month low in April DATELINE: May 13, 2023 LENGTH: 00:01:39 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. Shots of India gate 2. Shots of wholesale market 3. Shots of food items 4. Shots of retail shops 5. Shots of traffic STORYLINE: India's retail inflation in April was recorded at 4.7 percent, the lowest in the past 18 months, official data showed on Friday. Retail inflation dropped from 5.66 percent in March, and 6.44 percent in February. The data was collected from selected 1,114 urban markets and 1,181 villages covering all states through personal visits by field staff of the field operations division of the National Statistical Office. The office collected prices from 99.83 percent villages and 98.56 percent urban markets. Retail inflation in rural areas was recorded at 4.68 percent last month, while in urban areas it stood at 4.85 percent. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

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