Retail Inflation Eases to 5.91% in March
The inflation in the food basket was 8.76 percent in March 2020, lower from 10.81 percent in the previous month.
Retail inflation slowed to 5.91 percent in March over the previous month, mainly due to easing food prices, government data showed on Monday, 13 April.
The retail inflation based on Consumer Price Index (CPI) was 6.58 percent in February 2020 and 2.86 percent in March 2019.
The inflation in the food basket was 8.76 percent in March 2020, lower from 10.81 percent in the previous month, as per the CPI data released by the National Statistical Office (NSO).
The Reserve Bank of India mainly factors in the retail inflation while deciding its bi-monthly monetary policy.
The government has mandated the central bank to keep inflation at around 4 percent.
(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)
(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)
We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.
Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.