Retail price rise picked up pace in March, Headline CPI rose to 5.5% in March from 5% in February. This marks a 4-month high for the retail prices.
The pick up in inflation came from higher than anticipated uptick in food and fuel prices. Food inflation accelerated to 4.9% YoY in March mainly due to higher price of edible oil, fruits and meat.
Industrial production for the month of February contracted 3.6% YoY in February vs. -0.9% in January. This contraction however was anticipated given a higher base from last year.