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Anand Rathi Report
Consumer Price Index inflation for April 2024 at 4.83% was moderately below March 2024's 4.85% and at an eleven-month low. Inflation in service items, fuel and housing dropped while that of food rose moderately.
Core inflation continues to be steady with the continuing decline in housing, health and education.
Non-core inflation was high due to the rise in food inflation despite fuel move deeper into deflation versus the previous month.
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