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.
INFLATION TOUCHES 7.79%.(IANS Infographics)
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.
