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Retail Inflation Shot Up to 6.95% in March: Government

-TheWire.in

It is for the third straight month that the retail inflation remained above the Reserve Bank of India's comfort zone.

New Delhi: Consumer price-based inflation jumped to 6.95% in March, mainly on account of costlier food items, according to government data released on Tuesday.

The Consumer Price Index (CPI) based inflation was 6.07% in February.

The inflation in the food basket was 7.68% in March, up from 5.85% in the preceding month.

It is for the third straight month that the retail inflation remained above the Reserve Bank of India’s comfort zone.

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