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Retail inflation rises to 5.52% in March due to higher food prices, shows govt data

Retail inflation rises to 5.52% in March due to higher food prices, shows govt data
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Retail inflation rises to 5.52% in March due to higher food prices, shows govt data

Retail inflation rises to 5.52Percent in March due to higher food prices, shows govt data

The speed of cost increase in that the food basket hastened to 4.94 percentage in March by 3.87% in the previous month, according to data published by the NSO

Retail inflation rises to 5.52% in March due to higher food prices, shows govt data

Representational Image. AFP

New Delhi: Retail inflation climbed to 5.52 percentage in March, chiefly due to of higher food prices, government data revealed on Monday.

The consumer price index (CPI) established retail inflation fell at 5.03 per cent in February.

The amount of price increase in that the food basket hastened to 4.94 percentage in March, according to 3.87 percentage in the preceding month, according to data published by the National Statistical Office (NSO).

Gamble in’gas and mild’ category was 4.50 per cent throughout the month visavis 3.53 percentage in February.

Before this month, the Reserve Bank of India had estimated that the retail inflation in 5% in that the January-March quarter of 202021 and in 5.2 percentage in the first two quarters of their present financial.

After hammering the top tolerance threshold roughly 6 percentage for 2 successive months (June-November 20 20 ), CPI inflation dropped in December 20 20 and slipped further in January 2021 to 4.1 percentage over the rear of a sharp correction in vegetable prices and disposing of cereal rates.

Yet, it rebounded to 5 per cent in February, driven chiefly by base outcomes.

The Reserve Bank, that largely variables in the retail inflation while coming in its monetary policy, was inquired to maintain CPI inflation at four% having a margin of 2 per cent on both sides.

The central bank kept the essential financing rate (Retailer ) in its past monetary policy mentioning inflationary concerns.

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