SME Times News Bureau | 12 May, 2022
India's retail inflation accelerated to 7.79 per cent in April,
remaining above the tolerance limit of the central bank for a fourth
month in a row, data released on Thursday showed.
The
retail inflation stayed well above the Reserve Bank of India's upper
tolerance limit for a fourth consecutive month due to high fuel and food
prices amidst 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.
