April inflation crawls up to 7.23%

There was a sharp rise in price in April as inflation has inched up to 7.23%, much higher than 6.89% in March. According to CNBC-TV18, price jump in April was seen at 6.7%.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Realasset
moneycontrol.com

Home » News » Economy

May 14, 2012, 03.04 PM | Source: CNBC-TV18

April inflation crawls up to 7.23%

There was a sharp rise in price in April as inflation has inched up to 7.23%, much higher than 6.89% in March. According to CNBC-TV18, price jump in April was seen at 6.7%.

Like this story, share it with millions of investors on M3

April inflation crawls up to 7.23%

There was a sharp rise in price in April as inflation has inched up to 7.23%, much higher than 6.89% in March. According to CNBC-TV18, price jump in April was seen at 6.7%.

Post Your Comments

Share Cancel

Moneycontrol Bureau

 Prices continued to spiral upward in April, with inflation climbing to a higher-than-expected 7.23% from 6.89% in March . A CNBC-TV18 poll had forecast April inflation at 6.7%. Soaring food price was the main culprit, and the increase in excise duty and service tax effective this financial year also added to the inflationary pressures.

A steadily climbing inflation means that RBI will have little elbow room to cut interest prices. Inflation is expected to worsen in the coming months as the government will at some point have to raise fuel prices and electricity tariff.

Industrial output has been falling over the past few months, and while a section of players feel this calls for a cut in interest rates, the RBI is worried that easing interest rates at this stage may cause inflation to spiral out of control.

Here is a snapshot:

  • Primary articles inflation at 9.71% vs 9.62% (MoM)
  • Food group inflation at 10.49%  vs 9.94% (MoM)
  • WPI inflation for Feb revised to 7.36% vs 6.95% (Prov)
  • Manufacturing inflation at 5.12% vs 4.87% (MoM)
  • Fuel group inflation at 11.03% vs 10.41% (MoM)
  • WPI all commodities index up 2.1% (MoM)
  • Manufacturing index up 1% (MoM)
  • Fuel group index up 1.8% (MoM)
  • Primary articles index up 4.7% (MoM)
  • Food group index up 4.9% (MoM)
  • Minerals group index up 5.6% (MoM)

     

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
April inflation crawls up to 7.23%

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login