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The consumer price index climbed to double-digit level in April at 10.36 per cent, fuelled by a sharp rise in vegetable, edible oil and milk prices.
For the same month, the wholesale price index (WPI)-based inflation stood at 7.23 per cent. The divergence between the two indices indicates that the Reserve Bank of India may not aggressively cut repo rate in the upcoming policy review meeting, say economy watchers. The retail inflation for March has been revised to 9.38 per cent, from an earlier provisional estimate of 9.47 per cent, official data released on Friday showed.
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