He knows customers at his eatery — where a plate of idli costs Rs 30 — are price-sensitive. In March, consumer price index (CPI) inflation surged to 6.95%, a 17-month high, up from 6.1% in February. Similarly, 1 litre of petrol in Delhi costs Rs 105, a steep rise from Rs 70 two years ago. Supply-side factors usually take much longer before the situation improves,” he says.It is likely that April’s inflation numbers could be grimmer. “High frequency price indicators for April indicate the persistence of food price pressures.

Source: Daily Nation May 08, 2022 15:54 UTC