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.
Read more:
RBI hikes repo rate by 40 bps for inflation, equities plunge
Inflation: Petrol, diesel prices up Re 0.80/ ltr after more than 4 months
Inflationary fears: Rupee hits record low at 77 to USD
Australian central bank warns of higher inflation
India’s Feb wholesale price inflation rises to 13.11%