Highlights

  • Record high food and fuel prices reflecting in April CPI
  • Expect RBI to hike rates again at June policy

Latest news

IPL 2022 finalist, orange and purple cap holders after Qualifier 1

IPL 2022 finalist, orange and purple cap holders after Qualifier 1

Andhra minister's house set on fire amid protest against adding 'BR Ambedkar' to Konaseema district name

Andhra minister's house set on fire amid protest against adding 'BR Ambedkar' to Konaseema district name

Watch why Rahul Gandhi's meeting with UK politician Jeremy Corbyn made BJP angry

Watch why Rahul Gandhi's meeting with UK politician Jeremy Corbyn made BJP angry

IPL 2022, LSG VS RCB, Eliminator Preview: playing XI prediction, live toss time, live streaming details

IPL 2022, LSG VS RCB, Eliminator Preview: playing XI prediction, live toss time, live streaming details

Mumbai: local train runs over cattle, disrupting rail services. Watch what happened

Mumbai: local train runs over cattle, disrupting rail services. Watch what happened

Inflation Shocks! CPI at the highest level since 2014, clocks in at 7.79%

April CPI comes much above street estimates

Consumer Price Index for inflation for the month of April has shocked at 7.79%. The reading makes it the highest ever since 2014. The internals of the data is something the common man has been facing with record high prices of atta, fuel and edible oil. The data makes it clear that RBI which shocked the street with a 40 bps hike in May is likely to hike rates again in June. The pressure on prices comes as global food and fuel inflation is also at a record high. Here are the economic highlights-:

Also read/watch| Startups Shrink: From unicorns to layoffs, the firing squad is here

  • Consumer prices at 7.79%, Vegetable price inflation at 15%
  • Consumer food price inflation 8.38% vs 7.68% in March
  • Rural consumer price inflation 8.38% vs 7.66% in March
  • Inflation reading has breached RBI's tolerance range for 4th straight month.

Up Next

Inflation Shocks! CPI at the highest level since 2014, clocks in at 7.79%

Inflation Shocks! CPI at the highest level since 2014, clocks in at 7.79%

Gautam Adani's wealth went up by Rs 300 cr everyday this year! This is what all he owns

Gautam Adani's wealth went up by Rs 300 cr everyday this year! This is what all he owns

'Prepare for the Worst' Silicon Valley kingmaker warns startups

'Prepare for the Worst' Silicon Valley kingmaker warns startups

Markets at close: Terrible Thursday, biggest single-day fall in 2 months

Markets at close: Terrible Thursday, biggest single-day fall in 2 months

Explained | Why Tesla is no longer on 'green and clean' index, Musk calls S&P a scam

Explained | Why Tesla is no longer on 'green and clean' index, Musk calls S&P a scam

Markets crack: Sensex sinks 1000 points, Nifty below 16000

Markets crack: Sensex sinks 1000 points, Nifty below 16000

More videos

Markets crash: Inflation, rate hike hits tech and retailers big time

Markets crash: Inflation, rate hike hits tech and retailers big time

LIC IPO Muted Debut: Here is what Macquarie makes of the stock

LIC IPO Muted Debut: Here is what Macquarie makes of the stock

LIC IPO Listing: Debut at discount but gains traction

LIC IPO Listing: Debut at discount but gains traction

Ambuja and ACC shareholders - this is what the Adani acquisition means for you

Ambuja and ACC shareholders - this is what the Adani acquisition means for you

Adani to acquire Ambuja Cement and ACC from Holcim

Adani to acquire Ambuja Cement and ACC from Holcim

Tech takedown: Apple is no longer the world’s most valuable company

Tech takedown: Apple is no longer the world’s most valuable company

Supreme Court refuses stay on LIC IPO, Issues notice to centre

Supreme Court refuses stay on LIC IPO, Issues notice to centre

Crypto markets scripting a scary story; coins down 99%, billionaires lose 90% wealth

Crypto markets scripting a scary story; coins down 99%, billionaires lose 90% wealth

Markets at closing: Sensex drops over 1,100 points; Nifty ends at 15,800

Markets at closing: Sensex drops over 1,100 points; Nifty ends at 15,800

Wall Street Collapses: Nasdaq down 4%, S&P500 lowest in a year, Bitcoin falls over 10% in overnight trade

Wall Street Collapses: Nasdaq down 4%, S&P500 lowest in a year, Bitcoin falls over 10% in overnight trade

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.