‘s Consumer Price Index dipped below 8% in April for first time in two years, but its Inflation rate remains highest in the country at 6.4%. Though the drop was significant, experts believe lowering prices will help reduce inflation asper Reserve Bank of Indiaguidelines.
As per new economic parameters, inflation below 10% is referred to as a walking or moderate inflation, with the rate of increase in prices is in the intermediate range of 3 to less than 10%. Different types of inflation have different guidelines and parameters. Till recently, Telangana had an inflation rate in the range of 8-10%.
Along with Telangana, the only two states with an April inflation rate of more than 6% are Uttarakhand and Mizoram. Inflation in neighbouring Andhra Pradesh was around 5% akin toUttar Pradesh, Rajasthan, Haryana,Tamil Nadu, and Kerala. In April, the country’s inflation rate was encouraging at 4.7%, well within RBI’s acceptable limits.