Retail Inflation Jumped To All-Time High In Last Eight Years; Read To Know Reasons!
The common people of the country have once again suffered a major setback on the inflation front. In fact, retail inflation has increased more than expected in the month of April. According to the data released by the government on Thursday, the Consumer Price Index (CPI) in the month of April stood at 7.79%. This figure for retail inflation is the highest in the last eight years. Retail inflation has risen on the back of a sharp rise in food prices and has remained above the Reserve Bank's target upper limit for the fourth consecutive month. Inflation based on the Consumer Price Index (CPI) stood at 6.95% in March this year and was 4.23% in April 2021. Food inflation rose to 8.38% in April, from 7.68% in the previous month and 1.96% in the same month a year ago. The government has a...
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