BUSINESS

April retail inflation hits 3-month high of 8.59%

By Rajesh Kumar Singh
May 12, 2014 18:14 IST

The annual consumer price inflation in April accelerated to a three-month high of 8.59 per cent, mainly driven by higher food prices, government

data showed on Monday.

A Reuters poll had forecast retail inflation would edge up to 8.48 per cent from 8.31 per cent in March.

Retail food prices in April rose 9.66 per cent from a year earlier, faster than a provisional 9.10 per cent rise in March.

Rajesh Kumar Singh in New Delhi
Source: REUTERS
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