India's inflation surges to 8-year high of 7.79% in April

By Aysu Bicer

ANKARA (AA) - Annual inflation rate in India increased to 7.79% in April, the highest since May 2014, and above market forecast of 7.50%, according to official data on Thursday. The figure was 6.95% in March.

The rise was mainly driven by hike in fuel and food prices.

Prices increased for food and non-alcoholic beverages (8.10%), oils and fats (17.28%), vegetables (15.41%) and spices (10.56%).

Inflation remained above the 2% to 6% tolerance limit of the central bank for a fourth month in a row.