Business Standard

Monday, December 23, 2024 | 06:07 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Vehicle fuel prices responsible for around 30% of April inflation spurt

The RBI's Monetary Policy Committee is likely to hike the repo rate in June after it had announced a 40 basis point increase in it in an off-cycle announcement earlier this month

Photo: PTI
Premium

Photo: PTI

Indivjal Dhasmana New Delhi
The increase in retail price inflation in petrol and diesel for vehicles for personal use contributed around 30 per cent to the rise in year-on-year inflation in April over March.

The inflation rate rose by 0.84 percentage points at 7.79 per cent in April against 6.95 per cent in the previous month, making it a fourth consecutive month when the rate of price rise remained above the Reserve Bank of India’s (RBI’s) upper tolerance level of 6 per cent.

Within overall inflation, the rate of price rise of petrol for vehicles rose by 10.72 percentage points and that for its

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in