Inflation at 8-Year High of 7.79 Percent Who Will It Hurt the Most?
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The RBI\\u2019s unscheduled hike in repo rates on 5 May confirmed that the central bank was behind the curve in controlling inflation and now new data released by the National Statistical Office on 12 May shows exactly how behind.
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\\nRetail inflation in India soared to its highest since May 2014 to 7.79 percent in April, almost double the RBI\\u2019s mandate of 4 percent and above the bank\'s estimates for the fourth straight month.
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\\nRetail inflation in India soared to its highest since May 2014 to 7.79 percent in April, almost double the RBI\\u2019s mandate of 4 percent and above the bank\'s estimates for the fourth straight month.
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\\nHere are a few numbers to indicate the current state of inflation: food price inflation is at a 17-month high of 8.38 percent, rural inflation is at a staggering 8-year high at 8.38 percent and urban inflation at 7.09 percent is at its highest in 18-months.
\\n\\nHere are a few numbers to indicate the current state of inflation: food price inflation is at a 17-month high of 8.38 percent, rural inflation is at a staggering 8-year high at 8.38 percent and urban inflation at 7.09 percent is at its highest in 18-months.
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\\nWhile the war in Ukraine and consequent rise in fuel prices is a significant factor in the spike, April\'s high inflation, according to media reports, is not one-off.
\\n\\nWhile the war in Ukraine and consequent rise in fuel prices is a significant factor in the spike, April\'s high inflation, according to media reports, is not one-off.
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So what is driving this inflation? who will be pinched the most, and what corrective measures can the central bank implement to control inflation?
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\\nTo understand this, I spoke to Pallavi Nahata, Associate Editor of Economy at BQ Prime.
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\\nHost and Producer: Himmat Shaligram
\\n\\nTo understand this, I spoke to Pallavi Nahata, Associate Editor of Economy at BQ Prime.
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\\nHost and Producer: Himmat Shaligram
\\nEditor: Shorbori Purkayastha
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\\nMusic: Big Bang Fuzz
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