March 28, 2024 20:30 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Delhi High Court rejects PIL seeking removal of Arvind Kejriwal as CM | MHA extends AFSPA in 3 districts of Arunachal Pradesh for 6 months | Encourage fair, transparent and legal process: US comments again on Kejriwal's arrest | India and China discuss border disengagement: EAM | Indian External Affairs Minister S Jaishankar discusses defence, trade while interacting with Malaysian leaders
Indian retail inflation up by 2.86 pc in March 2019

Indian retail inflation up by 2.86 pc in March 2019

India Blooms News Service | @indiablooms | 12 Apr 2019, 12:48 pm

New Delhi, Apr 12 (UNI) India’s retail inflation grew to 2.86 per cent in March this year owing to marginal rise in prices of fuel products and food items, the Government announced on Friday.

The consumer price-based inflation was revised to 2.57 per cent in February, 2019.


The food price index (CFPI) was recorded at 0.30 per cent in March this year, according to the data released by the Central Statistics Office here.


In rural areas, the retail inflation was recorded at 1.80 per cent while in urban areas it was 4.10 per cent.


The fuel and light inflation grew by 2.42 per cent in March this year against 1.24 per cent in February 2019.


The vegetables inflation in March 2019 was calculated at -1.49 per cent against -7.69 per cent in February 2019. The pulses inflation also grew at -2.25 per cent in March 2019 against -3.82 per cent in February this year.


The CSO said the housing inflation lowered to 4.93 per cent in March this year against the February record of 5.1 per cent.


On April 4, the Reserve Bank of India (RBI) had slashed repo rate by 25 bps to 6 per cent and kept the stance unchanged to ‘neutral’. This is the second rate cut in 2019. The central bank has set a medium-term target of 4 per cent for consumer inflation, which is determined by Consumer Price Index. 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.