According to statistics that were released by India's National Statistical Office on Thursday, the country's retail sector had its highest level of inflation in eight years during the month of April. This occurred as a result of escalating prices for food and gasoline, in addition to interruptions in global supply chains brought on by the crisis in Ukraine. According to the Consumer Price Index (CPI), there was a rise of 7.8% in consumer prices in the month of April. The price of food is a substantial contributor to the overall rise in retail price inflation. When inflation goes up, it may be harmful to the economy, yet, when inflation goes down, it can also be harmful to the economy. The Federal Reserve does not have a precise target for inflation, although policymakers, in gene...
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