Inflation quickens to an almost 8-year high, less impact on low income households says Finance Ministry

Inflation quickens to an almost 8-year high, less impact on low income households says Finance Ministry

April CPI inflation spurred by higher fuel, food costs with CFPI racing at 8.4%; rising prices have had a lesser impact on lower income households than high-income ones, argues Finance Ministry April CPI inflation spurred by higher fuel, food costs with CFPI racing at 8.4%; rising prices have had a lesser impact on lower income […]

Continue Reading
Inflation quickens to an almost 8-year high, less impact on low income households says Finance Ministry

Retail inflation soars to 8-year high of 7.79% in April as food prices spike

The retail inflation has remained above 6% since January 2022. The retail inflation has remained above 6% since January 2022. Retail inflation soared to an eight-year high of 7.79% in April on annual basis mainly due to stubbornly high food prices, remaining above the RBI’s upper tolerance level for the fourth month in a row. […]

Continue Reading