Inflation rose to an 8-year high at 7.79%...
Inflation is increasing rapidly in the country. Retail inflation rose to an 8-year high at 7.79% in April. In such a situation, retail inflation increased due to a sharp increase in food prices, and it has been above the upper limit of the Reserve Bank's target for the fourth consecutive month. Inflation based on the Consumer Price Index (CPI) was 6.95 percent in march this year and 4.23 percent in april 2021.
Inflation reached 8.38%
Inflation rate on Food climbed to 8.38 percent in april from 7.68 percent in the last month and 1.96 percent in the same month a year back. The central government has asked the reserve bank of india (RBI) to ensure that inflation remains at the level of 4 percent, which can fluctuate up and down by up to two percent.
What did the RBI governor say?
At the same time, regarding the country's economic situation, RBI governor Shaktikanta Das had said that due to the current geopolitical situation, the adverse effect of the steep increase in the prices of food items is also visible in the domestic market and further inflationary pressure is likely to continue. is.
