April retail inflation at 7.79%, above RBI’s tolerance band for fourth month

New Delhi: India’s retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed. The retail inflation stayed well above the Reserve Bank of India’s upper tolerance limit for a fourth consecutive month due to high […]

New Delhi: India’s retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed.

The retail inflation stayed well above the Reserve Bank of India’s upper tolerance limit for a fourth consecutive month due to high fuel and food prices amidst war in Ukraine.

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In March, the retail inflation was at 6.95 per cent.

Retail inflation tracked by the Consumer Price Index (CPI) measures the changes in prices from a retail market perspective.

Besides, industrial production grew 1.9 per cent in March and 11.3 per cent in fiscal year FY22, the data showed.