India’s Retail Inflation Surges To 7.79% In April, Highest In 8 Years

Mumbai: India’s retail inflation surged to 7.79% in April 2022, the highest since May 2014, data released by the government on Thursday showed. At 7.79%, the Consumer Price Index (CPI) inflation for April is higher than the March number of 6.95%.

The expansion in April marks six consecutive months of worsening inflation scenario.

Meanwhile, March factory output, as measured by the Index of Industrial Production (IIP), rose 1.9% compared to 1.5% in February, according to statistics and program implementation data.

Factory output during March was expected to remain weak in 8 key industrial sectors for which data was released on April 28 Dec from 6% in the month of February. The core sector accounts for more than 40 per cent of the IIP index.

In March, manufacturing grew by 0.9%, while eleby ctricity and mining grew 6.1% and 4%, respectively.

According to government data released on Thursday, consumer inflation rose in April due to a rise in food and fuel prices. It was recorded at 6.95% in March, 6.05% in February and 6.01% in the month of January. The CPI has seen a steady increase since December 2021.

In March, manufacturing grew by 0.9%, while electricity and mining grew 6.1% and 4%, respectively.

According to government data released on Thursday, consumer inflation rose in April due to a rise in food and fuel prices. It was recorded at 6.95% in March, 6.05% in February and 6.01% in the month of January. The CPI has seen a steady increase since December 2021.

 Follow us on Twitter, and Instagram, and like us on Facebook for the latest updates and exciting stories.