New Delhi: Due to lower food prices, retail inflation in March was down to 5.91% from the previous month. This information has been revealed on Monday from government data. Consumer price index (CPI) -based retail inflation stood at 6.58% in February, compared to 2.86% in March 2019.
According to data released by the National Statistics Office (NSO), food inflation in March 2020 stood at 8.76%, lower than the 10.81% in its previous month.
Inflation in cereals and products registered a slight increase in March and was 5.30% compared to 5.23% in February. At the same time, the inflation rate for pulses and its products was 15.85% in March which was 16.61% in February. Talking about the inflation rate of fuel and electricity, it was 6.59% in March, which is higher than 6.36% in February.
The Reserve Bank of India (RBI) takes retail inflation into account when deciding its bi-monthly monetary policy. The central government has asked RBI to keep inflation around 4%.
