India's Retail Inflation Rises to 3.4% in March 2023
Retail inflation at 3.4 pc in March: Govt data
News 18
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India's retail inflation increased to 3.4% in March 2023, up from 3.21% in February. The rise was primarily driven by a 3.87% increase in food prices, with rural inflation at 3.63% and urban at 3.11%.
- 01Retail inflation rose to 3.4% in March 2023.
- 02Food prices increased by 3.87% in March.
- 03CPI inflation for rural areas was 3.63%.
- 04CPI inflation for urban areas was 3.11%.
- 05Inflation in February was recorded at 3.21%.
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According to government data released on April 13, 2023, India's retail inflation increased to 3.4% in March, compared to 3.21% in February. The rise in inflation was largely attributed to a 3.87% increase in food prices, which rose from 3.47% in the previous month. The Consumer Price Index (CPI) showed that inflation in rural areas stood at 3.63%, while urban inflation was lower at 3.11%. This data reflects ongoing trends in consumer prices and the economic conditions affecting households across the country.
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The increase in retail inflation may affect household budgets, leading to higher costs for essential goods, particularly food.
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