Vegetables and pulses cheaper, retail inflation down to 4.83% in March
Retail inflation in March fell to a six-month low of 4.83% on account of cheaper food articles such as vegetables and pulses.business Updated: Apr 13, 2016 10:00 IST
Retail inflation in March fell to a six-month low of 4.83% on account of cheaper food articles such as vegetables and pulses.
The retail inflation, measured on Consumer Price Index (CPI), in February was revised upwards to 5.26% from 5.18.
Consumer inflation was seen below this level at 4.41% in September 2015.
Food inflation for March too softened at 5.21%, showed the data released by the Ministry of Statistics and Programme Implementation (MoSPI). In February, food inflation was at 5.30%.
The rate of price rise in vegetables was at 0.54%, oils and fats 4.85%, milk and products 3.33%, while fruit prices deflated further at (-)1.10% in March.
Pulses too turned cheaper, as the inflation print came in at 34.15% during the month.
However, inflation in sugar and confectionery shot up at 3.92% in March (from 0.51% in February). And for pan tobacco and intoxicants, the inflation stood at 8.51% (over 8.39%).
Retail price rise of cereals and products rose to 2.43% and that for meat and fish category, it moved up slightly with an inflation print of 7.74%.
Likewise, prices of eggs shot up further during the month with inflation standing at 6.68 per cent.
The inflation rate, based on CPI for rural areas, stood at 5.70 per cent, while that for urban areas was at 3.95 per cent.
The prices are collected by the government from selected towns by the Field Operations Division of National Sample Survey Organisation (NSSO) and from selected villages by the Department of Posts.
The monthly data is released by the Central Statistics Office, under the Ministry of Statistics and Programme Implementation.