March retail inflation rises to 5.52%
By TIOL News Service
NEW DELHI, APR 12, 2021: CONSUMER inflation in India rose to 5.52 per cent in March, rising from February's 5.03 per cent, driven by the increase in food prices according to the provisional data released by the National Statistical Office (NSO) on Monday.
Inflation based on general indices was 4.61 per cent in rural and 6.52 per cent in urban areas in March, compared to 4.19 per and 5.96 per cent in February respectively, said the NSO.
The Consumer Food Price Index (CFPI), which measures change in retail prices of food increased to 4.94 per cent in March as compared to 3.87 per cent recorded in the previous month.
The inflation in the food basket was driven by meat and fish, oils and fats, pulses, fruits, non-alcoholic beverages, and processed meals and snacks.
This is the fourth consecutive month that the Consumer Price Index (CPI) data remained within the Reserve Bank of India's (RBI) range of 2-6 per cent.