Ecowrap - Inflation Beginning December 2020 Is Higher Than Reported Numbers: SBI Research
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SBI Research Report
Consumer price index inflation slowed to 4.29% in April 2021 from 5.52% in March 2021, primarily due to easing food prices.
However, even as the pandemic rages through India, it is worthwhile to look beyond the headline inflation.
In particular, rural core has now jumped to 6.4% in April 2021 and would rise further in May 2021.
Increasing health expenditure because of the pandemic is having a meaningful impact in rural areas.
Item-wise inflation of health CPI shows persistent month-on-month increase in inflation of non-institutional medicine, and X-ray, ECG, pathological tests.
Even hospital and nursing home charges have increased in April 2021.
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