Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From May 12, 2014

Consumer Inflation Rises to 8.59% in April

An NDTV poll of economists saw inflation rising to 8.5 per cent in April. In March, retail climbed to 8.31 per cent.

Consumer Inflation Rises to 8.59% in April

Consumer inflation rose to more-than-expected 8.59 per cent in April on rising food prices. An NDTV poll of economists saw inflation rising to 8.5 per cent in April.In March, retail climbed to 8.31 per cent.

In April, food prices rose 9.66 per cent from a year earlier.

Earlier this month, Reserve Bank of India Governor Raghuram Rajan said the country's inflation needs to come down in order to achieve sustainable growth, reiterating a stance he has held since he took charge at the bank. Dr Rajan has hiked rates thrice since assuming charge in September.

"To get sustainable growth, we have to bring down inflation. Once we get inflation down, then we can talk about the rest," Rajan said on the sidelines of a conference in St. Gallen in eastern Switzerland.

The Reserve Bank of India is scheduled to meet next month to do decide on it rate policy.

Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source