Economic Buzz: Consumer Price Inflation In India Soars In April

13 May 2022 , 09:24 AM

Indias consumer price inflation accelerated further in April to its highest level in eight years, raising the prospect of another interest rate hike from the central bank in the next policy meeting in June. The consumer price inflation climbed to 7.79 percent from 6.95 percent in March. Price growth is now at its highest level since May 2014, when it was 8.33 percent. A year ago, inflation was 4.23 percent. On a month-on-month basis, the consumer price index rose 1.43 percent in April and food prices climbed 1.56 percent.Powered by Commodity Insights