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