Country’s retail inflation accelerated to 3.4% in the last month, up from 3.21% recorded in February this year. According to data released by the Ministry of Statistics and Programme Implementation, inflation in rural areas edged higher to 3.63%, while in urban regions it rose to 3.11%. The food inflation rate, based on the All India Consumer Food Price Index, stood at 3.87% in March, up from 3.47% in the preceding month. Despite global volatility in energy markets linked to developments in West Asia, domestic inflation remained broadly stable and within the Reserve Bank of India’s tolerance limit.

 

The top items showing high inflation includes Gold and Silver jewellery, Coconut, Tomato and Cauliflower. In contrast, items with lowest inflation include Onion, Potato, Garlic, Arhar or Tur and Peas or Chickpeas.