The retail inflation in March dipped marginally to a nearly six-year low of 3.34 per cent amid decline in prices of vegetables and protein-rich items.
The consumer price index (CPI)-based retail inflation for February slipped to 3.61 per cent amid a decline in the rate of price rise in vegetables and protein-rich items.
Retail inflation for farm and rural workers eased slightly to 4.61 per cent and 4.73 per cent respectively in January as compared to 5.01 per cent and 5.05 per cent in December 2024.
India's Consumer Price Index (CPI) based retail inflation eased to 4.6 per cent in January from 5.22 per cent in December.This marks a decline of 91 basis points in headline inflation compared to the previous month, making it the lowest year-on-year inflation since August 2024.
Decline in inflation is observed in the subgroups of ‘Spices’, ‘Meat and Fish’ and ‘Pulses and products’ etc.
Year-on-year inflation rate based on All India Consumer Price Index (CPI) number is 3.54% (Provisional) for the month of July, 2024, which is the lowest in the last 59 months, said the Ministry of Statistics & Programme Implementation (MoSPI).
Central banks remain steadfast and data-dependent in their fight against inflation.
All India inflation based on General CPI is lowest for the month of May 2024 after May 2023. It is less than 6% since September 2023, the government data said.
The annual inflation rate based on the all India Consumer Price Index (CPI) number stands at 4.83 per cent for April over the same month last year, the government data said on Monday.
The inflation also eased in March from February’s 5.09%.
