Retail inflation soars to 8-yr high of 7.79 pc in April as food prices spike

Retail inflation hit an eight-year high in April on a year-on-year basis, driven by rising food prices. In April, the consumer price index (CPI) based inflation rate stood at 7.79%. This is the fourth consecutive month that it is above the limit set by the RBI. The retail inflation rate was 6.95% in March 2022 and 4.23% in April 2021. Food basket inflation rose to 8.38 per cent in April, from 7.68% in the previous month and 1.96% in the same month a year ago. Watch 'महंगाई की मार, हो जाओ तैयार!' with Mrityunjay Kumar Jha.