Retail Inflation 
News Updates

Retail inflation declines to 5.66% in March

Retail inflation fell to a 15-month low of 5.66 percent in March, mainly due to a decline in food prices

PSU Watch Bureau

New Delhi: Retail inflation fell to a 15-month low of 5.66 percent in March, mainly due to a decline in food prices, government data showed on Wednesday. The inflation figure in March is within the RBI's comfort zone as it is below six percent. The retail inflation based on Consumer Price Index (CPI) was 6.44 percent in February 2023 and 6.95 percent in the year-ago period.

According to the National Statistical Office, the inflation in the food basket was 4.79 percent in March, as against 5.95 percent in February and 7.68 percent in the year-ago period. Retail inflation rose from 5.7 percent in December 2022 to 6.4 percent in February 2023 on the back of higher inflation in cereals, milk, and fruits and slower deflation in vegetable prices. Reserve Bank of India has projected the CPI inflation at 5.2 percent for FY2023-24, with 5.1 percent in Q1, 5.4 percent in Q2, 5.4 percent in Q3, and 5.2 percent in Q4, and risks evenly balanced.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

NTPC Green Energy IPO fully subscribed

Sensex, Nifty bounce back in early trade after sharp fall in previous session

These are the Central, state PSUs named in US court indictment in Adani bribery case

Gautam Adani bribery case: Allegations, rebuttals, stock market wipeout & all you want to know

Cannot accept attempts to shift focus away from finance at COP29: India