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.
Bhubaneswar: The Odisha Police Recruitment Board (OPRB) has postponed the upcoming examination for Group B… Read More
Bhubaneswar: The Supreme Court Collegium has recommended the appointment of Justice Harish Tandon as the… Read More
Bhubaneswar: Two senior IAS officers of Odisha cadre – Ranjana Chopra and Santosh Kumar Sarangi… Read More
Bhubaneswar: Skygazers are in for a treat as the spectacular total lunar eclipse, also known… Read More
Lucknow: An ‘active terrorist’ of Babbar Khalsa International (BKI), who allegedly has ties with Pakistan’s… Read More
Bhubaneswar: The Odisha government on Thursday directed the district functionaries to launch a strict enforcement… Read More
This website uses cookies.
