Categories: Economy

India’s Retail Inflation Rose to 6.95% in March

India’s Retail Inflation

India’s retail inflation surged to a 17-month high of 6.95% in March from 6.07% in the previous month due to a sharp increase in food prices, the National Statistical Office (NSO) data showed. Retail inflation as measured by the Consumer Price Index (CPI) has remained above the upper limit of the Reserve Bank of India (RBI) tolerance band for the third consecutive month. The retail inflation stood at 6.01 per cent in January 2022.

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The Consumer Price Index (CPI) based on inflation stood at 5.52% in March 2021. The price rise was sharper in rural India than in urban. CPI for rural India surged to 7.66% in March from 6.38% in the previous month. CPI-based inflation for urban India rose to 6.12% in March 2022 from 5.75% in the previous month.

Who Released this India’s Retail Inflation Data?

The Consumer Price Index (CPI) inflation data is released monthly by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.