Key Points
New Delhi, Apr 12 (PTI) Retail inflation declined to a five-month low of 4.85 per cent in March mainly due to cooling food prices, inching towards the Reserve Banks target of 4 per cent, according to official data released on Friday...
The Consumer Price Index (CPI) based retail inflation was 5.09 per cent in February and 5.66 per cent in March 2023..
Previously, CPI-based inflation was the lowest at 4.87 per cent in October 2023...
The inflation in the food basket was at 8.52 per cent in March, down from 8.66 per cent in February, according to the data released by the National Statistical Office (NSO)...
Commenting on the CPI data, Aditi Nayar, Chief Economist, ICRA said an intensification of the impending heatwave may worsen the seasonal uptick in prices of perishables, heightening the criticality of a favourable monsoon in 2024 to keep food inflation in check and inflationary expectations well-anchored...
