Retail inflation eases to 4.29% in April as food prices fall (Lead)

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    New Delhi, May 12 | Lower food prices sequentially eased India’s retail inflation in April as the Consumer Price Index (CPI) decreased to 4.29 per cent from 5.52 per cent in March.

    According to the data furnished by the National Statistical Office (NSO), the CPI Urban rose by 4.77 per cent last month from 6.52 per cent in March.

    Similarly, the CPI Rural climbed by 3.82 per cent in April from 4.61 per cent in March.

    As per the NSO data, the Consumer Food Price Index increased to 2.02 per cent last month from a rise of 4.87 per cent in March.

    The CFPI readings measure the changes in retail prices of food products.

    In terms of CPI YoY inflation rate, pulses and products’ prices jumped by 7.51 per cent, respectively, in April 2021.

    Furthermore, meat and fish prices rose by 16.68 per cent, eggs became dearer by 10.55 per cent and the overall price of food and beverages category was up 2.66 per cent.

    However, vegetable prices declined by 14.18 per cent.

    Besides, as per the official data, the inflation rate for fuel and light was at 7.91 per cent.

    “The sharp correction largely owes to the favourable base effect owing to last year’s pandemic-related lockdown. Some select food items or perishables have seen unseasonal fall in April,” said Madhavi Arora, Lead Economist, Emkay.

    “Besides, supply chains are not much disrupted this year despite soft lockdowns vs 2020 during same period. However, local lockdowns, if persist, could impact services demand negatively, will put downward pressure on Q1FY22 core inflation and act as a balancing factor to emerging upside risks to inflation.”

    Suman Chowdhury, Chief Analytical Officer, Acuite Ratings & Research, said: “Expectedly, the CPI print for April 2021 has benefited from the base effect given the national lockdown in the same period of the previous year and the elevated prices therein driven by supply constraints.”

    “However, we note that some categories in the food basket such as meat and fish, edible oil, fruits and pulses continue to show high inflation both on a YoY and sequential basis, reflecting structural supply bottlenecks that might have got further aggravated by the fresh disruption brought in by the second Covid wave.”

    Source: IANS

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    PURPOSE FUELS YOUR PASSION: MUNISH MAYA

    PURPOSE FUELS YOUR PASSION: MUNISH MAYA

    Don’t get confused with your purpose and passion as both go well together

    Passion as well as purpose both goes hand in hand. Purpose defines the passion in life. If you are passionate about something then there will be a purpose behind it. And if you feel that you are passionate about something but you are not able to find the purpose behind it then please do self-analysis. There is surely something that you are missing out on. Munish Maya in his Instagram post took out few minutes to write about Purpose and Passion, as he feels that it is an important topic to be discussed with everyone. Mr. Maya started writing his post by making a statement, “Many people confuse passion with purpose. Others struggle to find both.”

    Self-analyzing is a very tough job and it’s completely natural to get confused. Solving this problem Munish Maya says, “Passion & purpose are distinct. Passion is the drive, the energy that makes us feel good. Like they say, ‘do what you love.” People follow their passion to live a stress-free life where they can enjoy whatever the work they are doing. It is well said, ‘Follow your passion and there will not be a single day when you will have to work.’ Whereas the most asked question in relevance to passion, ‘What is the purpose?’ is answered very well by Munish

    Maya in his same post, “Your purpose is the reason, your ‘Why’ behind what you do.” 

    Passion and purpose go hand in hand. Munish Maya says, “From over a decade, I experienced, learned, evolved & developed new passions. They have changed my life & perspective in a great way.” Passion serves the purpose of life. Munish Maya himself followed his passion when he realized that he cannot do a 9-5 profile job, and look at him now, he is the 1st Global Brand Ambassador of India. His passion leads him to define the purpose of his life. The only purpose of Munish Maya’s life is to serve people by guiding and enlightening them about their lives.

    This confusion between passion and purpose is not for the lifetime. To which Munish Maya explained by saying, “But the sweet spot is where your passion & purpose align.

    One fuels your internal drive while the other maximizes your outward impact.” When both purpose and passion start to align then you will start gaining success and positivity in life.

    Munish Maya describes it more beautifully, “And in the path of manifestation, Purpose fuels Passion. By focusing on your purpose, you align your work with your deepest drive- your passion.” If you are passionate about something in your life, then the purpose of your life is served.

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