The CPI for May showed an annualized increase of 3.3 per cent, a modest deceleration from April's 3.4 per cent, falling short of economists' expectations that it would remain steady.
The data indicates differentiated inflation rates for rural and urban areas, with rural inflation at 5.28 per cent and urban inflation at 4.15 per cent.
Sinha and Jasrai stated, "March 2024 retail inflation at 4.85 per cent was 10 months low and was on expected lines. Retail inflation now for 54 consecutive months and 18 quarters is higher than the RBI inflation target of 4.0 per cent. While the headline inflation is trending downwards, the
India's retail inflation declined to 4.85 per cent in March compared to 5.09 per cent in February this year, according to government data released on Friday
New Delhi [India], April 4: Commodity trading offers investors lucrative trading opportunities. In 2023, some commodity asset categories have shown double-digit returns, and some will do the opposite. Octa, in the article, talks about commodity performers in 2023.
The CBS reported that prices of the following groups increased in particular: fruit 10.7 per cent, footwear 1.4 per cent, culture and entertainment 1.2 per cent, miscellaneous 1 per cent, dwelling maintenance 0.9 per cent and food, furniture and household equipment 0.7 per cent, each.
Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month, due to the deceleration of prices in all categories except food.
Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December.
Effective from April 1, this decision will impact workers in key sectors including agriculture, Beedi, and Incense (Agarbatti) industries in Madhya Pradesh (MP).
According to the provisional figures provided by the NSO, the retail inflation, based on the Consumer Price Index (General), stood at 5.09 per cent in February 2024.