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
Rajasthan Congress General Secretary Amin Pathan Arrested
The Weekend Leader Talks Business Success with Peps Mattress Co-Founder Madhavan
Kanimozhi Karunanidhi to Contest from Thoothukudi Again in 2024 Lok Sabha Elections
Sukham's Sexual Wellness Pitch Fails To Impress The Sharks, No Deal For Them
BRS to Challenge Kavitha's 'Illegal' Arrest by ED in Supreme Court
Rajasthan Congress General Secretary Amin Pathan Arrested
The Weekend Leader Talks Business Success with Peps Mattress Co-Founder Madhavan
Kanimozhi Karunanidhi to Contest from Thoothukudi Again in 2024 Lok Sabha Elections
Sukham's Sexual Wellness Pitch Fails To Impress The Sharks, No Deal For Them
BRS to Challenge Kavitha's 'Illegal' Arrest by ED in Supreme Court