 "inflation")
Retail inflation accelerates to 7.79% in April; March IIP growth at 1.9%
India's retail inflation surged to 7.79% in April, largely driven by rising fuel and food prices and staying well above the Reserve Bank of India's upper tolerance limit for a fourth consecutive month, government data showed on Thursday. This is the highest inflation rate since October 2020.
The jump in CPI inflation has been long anticipated following the Centre's decision to wait until after key state elections in March to hike fuel prices. Energy prices globally have soared since Russia's invasion of Ukraine in late February. Read
