Inflation slows to 18-month low

Retail inflation moderated to an 18-month low in April on the back of a favourable base effect and softening in some food prices, bringing much-needed relief from stubborn price pressures, but industrial output growth slowed to a 5-month low in March as manufacturing growth eased and the electricity segment contracted.

May 13, 2023 - 08:30
Inflation slows to 18-month low
Retail inflation moderated to an 18-month low in April on the back of a favourable base effect and softening in some food prices, bringing much-needed relief from stubborn price pressures, but industrial output growth slowed to a 5-month low in March as manufacturing growth eased and the electricity segment contracted.