India's consumer price index rises to 10.36 percent

India's consumer price index rises to 10.36 percentAccording to the latest data released, the country's consumer price inflation increased to the level of 10.36 percent during the month of April.

The consumer prices had increased 9.47 percent during mach. Consumer price-based food inflation in the month rose to 10.18 percent from 8.22 percent in February. The inflation measures by the benchmark wholesale price index rose to 7.23 percent in the year to April, according to the latest data released.

India's central bank, the Reserve Bank of India (RBI) is not likely to reduce its key interest rates in the country due to surprising high inflation number for April. C Rangarajan, the chairman of the Prime Minister's Economic Advisory Council said that the high inflation numbers for the month of April has made it very difficult for the central bank to consider reducing its key interest rates. High inflationary pressures made results in a narrow scope of action from the RBI.

Meanwhile, India's inflation based on the annual consumer price inflation (CPI) index has increased to 9.47% in March compared to a rise of 6.89% for the period in the wholesale prices in the country. The rise comes as the prices of protein-based food products, oils and fats, clothing materials and fuel items increased in the markets for consumers. The inflation based on CPI was recorded at 8.83 per cent in February.