Retail inflation spikes to 7.79% in April

India's retail inflation, which is measured by the Consumer Price Index (CPI), rose to 7.79% in the month of April 2022. The retail inflation for the month of March was 6.95%.

This is the fourth consecutive month that the CPI data has breached the Reserve Bank of India's (RBI) upper margin of 6%.

RBI aims to achieve the medium-term target for CPI inflation of 4% within a band of +/- 2%, while supporting growth.

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