Retail inflation eases to 4.28 percent in March
Annual retail inflation eased for the third straight month in March to 4.28 percent, as food prices fell, government data showed on Thursday. Analysts polled had forecast March`s consumer price inflation to soften to 4.20 percent from 4.44 percent in the previous month.
Retail inflation slowed to 4.28 per cent in March, the third consecutive month of decline, mainly on account of easing food prices including vegetables, government data showed today. The inflation based on Consumer Price Index (CPI), a key data factored in by the RBI to arrive at interest rate, was 4.44 per cent in February. However, the March 2018 inflation is higher than 3.89 per cent recorded in the same month last year.
As per data released by the Central Statistics Office (CSO), inflation in the vegetables segment cooled to 11.7 per cent in March from 17.57 per cent in the previous month.
The rate of price rise in the protein rich items like eggs, milk and other products too moderated in March as against the previous month. However, inflation in fruits basket was higher.
Overall, inflation in the food basket was 2.81 per cent, lower than 3.26 per cent in February. The CSO data further revealed that inflation in the fuel and light segment also came in lower at 5.73 per cent month-on-month basis.
Separately, India`s annual industrial output grew 7.1 percent in February, data released on Thursday showed, in line with 7.0 percent forecast in a Reuters poll.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
06:41 PM IST