Pic courtesy Reuters
New Delhi: India’s retail inflation has jumped to an eight-year high of 7.79% in April 2022, government data has revealed.
Reserve Bank of India’s (RBI) tolerable limit of 6% has thus been breached for the fourth straight month.
Last month, the consumer price index inflation was 6.95%, the highest since September 2014.
Food inflation – caused by steep prices of edible oil and fuel — which is driving the rise in retail inflation, rose by 8.38%, highest in this financial year so far.
The figures were released by National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI).
Data was collected from 1114 urban markets and 1181 villages across all states and Union Territories on a weekly basis.
Russia’s Ukraine invasion has also had a bearing on domestic prices in India.
There are concerns of inflation mounting as global shocks pushed the Indian rupee to a record low of 77.63 on Thursday.
Cuttack: A former Army officer from Odisha’s Cuttack has lost Rs one crore after being…
Mumbai: There’s good news for those who missed ‘Bhool Bhulaiyaa 3’ in theatres but want to…
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Wednesday launched 1,542 Multipurpose Primary Agriculture Cooperatives…
Panjim: Christmas turned tragic for a family from Maharashtra as a 54-year-man died after a tourist…
Bhubaneswar: At least seven districts of Odisha are likely to experience zone or two intense…
Mumbai: It was a fun-filled and loved-up Christmas for Kriti Sanon. The Bollywood actress took…
This website uses cookies.