Retail inflation for March eases to 9-month low of 4.85%
The inflation also eased in March from February’s 5.09%.
The inflation also eased in March from February’s 5.09%.
As per the data released by the government, the rural inflation came at 5.34 per cent in February.
Vegetable inflation registered a rate of 17.7 per cent, while the inflation for fuel and light experienced a contraction of (-)0.77 per cent.
However, the inflation in rural areas is higher as compared to urban area.
Chief Minister Himanta Biswa Sarma attributed it to the policy measures his government had taken to maintain stability in prices.
Among groups, cereals and products, eggs, spices, among others, contributed to the elevation in retail inflation in January.
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Inflation in fuel and power basket eased to 32.83 per cent during June, against 37.61 per cent in May.
"Upside risks to inflation emanate from persistence of the second wave and consequent restrictions on activity on a virtually pan-India basis," Das said.
Inflation expectations of urban households one year ahead showed a marginal increase over the three months ahead horizon according to the RBI's March 2021 survey.