Retail inflation rises in March, food prices soar
New Delhi
12-April-2021
India's retail inflation marginally rose in March as the Consumer Price Index (CPI) increased to 5.52 per cent from 5.03 per cent in February.
Data furnished by the National Statistical Office (NSO) showed that CPI Urban rose 0.26 per cent in March, whereas the CPI Rural remained static.
As per the National Statistical Office's data, Consumer Food Price Index increased to 4.94 per cent in March from a rise of 3.87 per cent in February.
Rising retail cost was a major factor in the Reserve Bank of India's recent decision to keep the repo rate on hold, as low lending rates can potentially stroke inflation.
In its bi-monthly monetary policy meeting in April, the RBI kept its key interest rates unchanged and decided to maintain its accommodative monetary policy stance to support growth amid the pandemic. - IANS
More Headlines
Mumbai Dethrones Beijing as Asia's Billionaire Capital, India Climbs to Third Globally
Jungle House: A Royal Summer Getaway Perched Amidst Shimla's Ancient Woods
Kangana Ranaut In Mandi Says Politics For Her Is A Way To Work For Society
Bizarre Poll Promise By Trinamool's Celebrity Candidate Draws Criticism
Mining Baron-Turned-Politician Janardhan Reddy Merges Party with BJP Ahead of Lok Sabha Elections
Mumbai Dethrones Beijing as Asia's Billionaire Capital, India Climbs to Third Globally
Jungle House: A Royal Summer Getaway Perched Amidst Shimla's Ancient Woods
Kangana Ranaut In Mandi Says Politics For Her Is A Way To Work For Society
Bizarre Poll Promise By Trinamool's Celebrity Candidate Draws Criticism
Mining Baron-Turned-Politician Janardhan Reddy Merges Party with BJP Ahead of Lok Sabha Elections