Highlights

Retail inflation falls to a 15 month low in March
March CPI at 5.66% is within RBI's comfort zone
March food inflation came in at 4.79%

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Retail inflation eases to 5.66% in March

Name: Retail inflation eases to 5.66% in March
Uploaded: 2023-04-12T17:56:20.000+05:30
Duration: T00M19S
Channel: PTI
Description: Retail inflation eased to 5.66% in the month of March coming back within RBI comfort zone. This was led primarily by a fall in food prices with food inflation easing to 4.79%.

Retail inflation eased to 5.66% in the month of March coming back within RBI comfort zone. This was led primarily by a fall in food prices with food inflation easing to 4.79%.

Updated: Sep 02, 2022 10:53

PTI

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Retail inflation eases to 5.66% in March

Retail inflation fell to a 15-month low of 5.66 per cent in March, mainly due to a decline in food prices, government data showed on Wednesday.
The inflation figure in March is within the RBI's comfort zone as it is below 6 per cent.
The retail inflation based on Consumer Price Index (CPI) was 6.44 per cent in February 2023 and 6.95 per cent in the year-ago period.
According to the National Statistical Office, the inflation in the food basket was 4.79 per cent in March, as against 5.95 per cent in February and 7.68 per cent in the year-ago period.
The retail inflation rose from 5.7 per cent in December 2022 to 6.4 per cent in February 2023 on the back of higher inflation in cereals, milk and fruits and slower deflation in vegetables prices.
Reserve Bank of India has projected the CPI inflation at 5.2 per cent for FY2023-24, with 5.1 per cent in Q1, 5.4 per cent in Q2, 5.4 per cent in Q3, and 5.2 per cent in Q4, and risks evenly balanced.