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12 April 2018
 |
| Food (The Total Investment & Insurance
Solutions) |
India`s annual retail inflation eased for the third straight month in
March to 4.28 mainly driven by cooling down in prices of food, government data
showed on Thursday. The Total
Investment & Insurance Solutions
The CPI-based retail inflation cooled down to 4.28 percent in March on
annual basis, as compared to 5.07 percent in the preceding month.
However, growth momentum was curtailed as industrial output slowed down
by 7.1 percent in February, Central Statistics Office (CSO) showed today.
As per data released by the Central Statistics Office (CSO), inflation
in the vegetables segment cooled to 11.7 percent in March from 17.57 percent in
the previous month. The Total
Investment & Insurance Solutions
The rate of price rise in the protein rich items like eggs, milk and
other products too moderated in March as against the previous month. However,
inflation in fruits basket was higher. Overall, inflation in the food basket
was 2.81 percent, lower than 3.26 percent in February. The Total Investment & Insurance Solutions
The CSO data further revealed that inflation in the fuel and light
segment also came in lower at 5.73 percent month-on-month basis.
Citing multiple risks to the inflation trajectory arising from farm
price hikes and possible fiscal slippages, RBI justified the status quo on key
rates and its neutral stance in the monetary policy review announced last week.The Total Investment & Insurance
Solutions
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