India’s annual consumer price inflation surged to 10.36 per cent in April from 9.38 per cent in the previous month, adding to pressure on the central bank to pause on monetary easing. Retail inflation in rural and urban areas touched 9.86 per cent and 11.10 per cent respectively in April as protein-based food items, edible oils, fuel and clothing turned more expensive, showed data released by the statistics ministry on Friday. Wholesale price inflation in April was 7.23 per cent. Vegetables led the pack with a price rise of 24.55 per cent, while edible oil and fat items gained 17.63 per cent. Milk and milk products, with a combined weight of 7.73 per cent in the CPI basket, spiked 14.94 per cent in April from a year before, and egg, fish and meat surged 9.95 per cent.
In this current scenario the UPA government is ruling the country in very difficult time, when inflation rate is high and so many leaders are convicted for corruption. RBI is prove helpless to resolve the worst condition, and government is also in dilemma .