India: Inflation comes in at highest level since May 2014 in April
May 18, 2022
Consumer prices increased 1.43% in April over the previous month, picking up from the 0.96% rise recorded in March. April's uptick was the highest reading since May 2021. The pick-up was broad-based, with greater price pressures recorded for food and beverages, fuel and light, and clothing and footwear.
Inflation increased to 7.8% in April, following March’s 7.0%. April's figure represented the highest inflation rate since May 2014. Annual average inflation rose to 5.8% in April (March: 5.5%).