Food inflation moderates to 1.89 per cent despite broader inflation spike

Despite a rise in fuel prices contributing to an uptick in inflation from 1.2 per cent in March to 2.4 per cent in April, due to geopolitical developments, food inflation has continued to show signs of moderation.

According to the latest report of the Consumer Protection Service for April 2024, based on its price observatory, food inflation eased to 1.89 per cent from January to April 2024.

This is a slight drop from 2.14 per cent recorded from January to March 2024 and a comparative look at the same period last year.