New Delhi: India’s retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for the fourth month in a row, data released on Thursday showed. Retail inflation stayed well above the RBI upper tolerance limit in April for a fourth consecutive month due to high fuel and food prices amidst the war in Ukraine.
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.