BUSINESS

Rediff.com » Business

Retail inflation shoots up to 6.95% in March
Source: PTI
April 12, 2022 20:08 IST

Consumer price-based inflation jumped to 6.95 per cent in March, mainly on account of costlier food items, according to government data released on Tuesday.

Photograph: Adnan Abidi/Reuters

The Consumer Price Index (CPI) based inflation was 6.07 per cent in February.

The inflation in the food basket was 7.68 per cent in March, up from 5.85 per cent in the preceding month.

It is for the third straight month that the retail inflation remained above the Reserve Bank of India's comfort zone.

RBI, which mainly factors in the retail inflation while arriving at its bi-monthly monetary policy, has been tasked by the government to keep the inflation between 2 and 6 per cent.

Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
© 2024 Rediff.com