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.
The inflation (retail) projection is revised to 5.2 per cent for Q4 of the current fiscal, Das said, adding vegetable prices are likely to remain soft in near term on the back of fresh arrivals in the market.
The Consumer Food Price Index, increased at a slower rate of 9.43 per cent in November from 11 per cent in October.
RBI Governor Shaktikanta Das said that inflation is likely to remain elevated, barring transient relief in the winter months from prices of perishables.
The maximum upward pressure in current index came from Food group, contributing (+) 1.14 percentage points to the total change.
Tamil Nadu with 1,216 points topped the index table whereas Himachal Pradesh with 786 points stood at the bottom.
