News Karnataka
Monday, April 15 2024
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April retail inflation past RBI’s tolerance for fourth month

April retail inflation past RBIs tolerance for fourth month
Photo Credit : IANS

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%

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