to common people There has been a big relief on the inflation front. There has been a decline in retail inflation in the country. Let us tell you that retail inflation declined marginally to 4.83 percent in April. In March it was at the level of 4.85 percent. According to data released by the National Statistical Office (NSO), food inflation rose marginally in April to 8.70 per cent, marginally higher than 8.52 per cent in March. The government has given the Reserve Bank of India a target of keeping retail inflation at four percent with a variation of two percent. The central bank looks at retail inflation data while setting interest rates in its bi-monthly monetary review. The Reserve Bank says that going forward, the prices of food items will continue to influence the trend of inflation.
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