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Retail inflation surges to 8-year-high of 7.79%

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New Delhi: The Consumer Price Index (CPI), India’s retail inflation, rose to an eight-year-high of 7.79 per cent in April, as per data from the government released on Thursday.

The previous high was of 8.33 per cent in May 2014.

The retail inflation for the month of March was 6.95 per cent, while it was 4.23 per cent in April last year.  It is this index that is the basis

The food inflation rose from 7.68 in March to 8.38 per cent in April.

Fuel and light inflation rose from 7.52 per cent in March to 10.8 per cent in April.

For vegetables, the rise was from 11.64 per cent in March to 15.41 per cent in April.

Looking at the rising inflation, the Reserve Bank of India had increased the repo rate by 40 bps.

Earlier in the day, rupee hit an all-time low of 77.63 against the US dollar. Even Sensex and Nifty saw a drop.

 

 

 

 

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