Retail Inflation Soars to 8-Year High of 7.79% in April
The rise was largely driven by rising fuel and food prices.
India's retail inflation rose to 7.79 percent in April, government data showed on Thursday, 12 May. The rise was largely driven by rising fuel and food prices. The previous high in the consumer price index (CPI)-based retail inflation was recorded at 8.33 percent in May 2014.
The retail inflation for the month of March was 6.95 percent.
For a fourth consecutive month, the retail inflation stayed well above the Reserve Bank of India's upper tolerance limit of 6 percent.
Besides, industrial production grew 1.9 percent in March and 11.3 percent in fiscal year FY22, the data showed.
The Consumer Food Price Index (CFPI) also spiked from 7.68 percent in March to 8.38 percent in April, the data revealed.
Retail inflation measures the changes in prices from a retail market perspective.
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