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Retail inflation inches up to 2.86% in March on rise in food, fuel prices

Retail inflation saw a marginal rise of 2.86 per cent in March this year on account of increase in prices of food articles and fuel. According to the data released yesterday by the Ministry of Statistics and Programme Implementation, the inflation based on the Consumer Price Index was 2.57 per cent in February this year.

On a yearly basis, it was 4.28 per cent in March 2018. The data released by the Central Statistics Office showed that inflation in food basket rose to 0.3 per cent in March from (-) 0.66 per cent in the previous month. The rate of price rise was also higher in the ‘fuel and light’ category. The inflation in the segment rose to 2.42 per cent as against 1.24 per cent in February.

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