India’s Consumer Price Index Soars To 7.79% In April 2022, Higher Than Most Estimates
Food inflation, which accounts for nearly half the consumer price index (CPI) basket, reached a multi-month high in April and remained elevated due to higher vegetable and cooking oil prices globally.
India's retail inflation surged to an 18-month high of 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.
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