India’s retail inflation fell to a 10-month low of 4.85% in March

Apr 16, 2024 #Bank_PO, #BPSC, #Current_Affairs, #DSSSB, #Railway, #UPSC, #WBPSC

India’s retail inflation fell to a 10-month low of 4.85% in March.
On an annual basis, India’s retail inflation declined to 4.85% in March from 5.09% in the previous month.
A Reuters poll had projected that number would fall to 4.91%.
The number remains within the Reserve Bank of India’s (RBI) tolerance band of 2-6%.
Citing the National Statistical Office (NSO), PTI reported that inflation in the food basket stood at 8.52% in March, down from 8.66% in February.
Meanwhile, industrial output rose to a four-month high of 5.7% in February, up from 4.2% in the previous month.
Official data has not been released yet by the government.
There has been a delay in the data coming due to waiting for the approval of the Election Commission.