Explained: The cause and effect of rising inflation - The Indian Express

5/13/2022 12:00:00 AM2 years 11 months ago
by Udit Misra
by Udit Misra
Inflation in April is at its highest in the last 8 years, and almost twice the RBI's target. A look at the factors that have kept inflation high since October 2019, and how it impacts consumers and the economy.
On Thursday, official data revealed that retail inflation had grown by 7.8% in April. In other words, the general price level Indian consumers faced was almost 8% higher than it was in April last yea… [+5986 chars]
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