CPI Plunges to 4.06% on softer food prices
20-Apr-2022The headline inflation eased sharply to a 16 month low as prices of key food prices like vegetables plunged sharply in January. However, core inflation continues to remain sticky at 5.50% as cost push pressures remain rampant in the economy. Inflation faces upside risk as the current flare up in crude oil prices may exacerbate prices pressures in the economy.