Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
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Below the Perspective on CPI & IIP Data by Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
"India's retail inflation eases to a 9-month low of 4.85% in March. Retail inflation, also known as Consumer Price Index (CPI) inflation, decreased to 4.85% from 5.09 percent in February. Inflation is gradually approaching the 4% comfort zone set by the RBI. While, the CPI for rural areas was 5.45%, and the CPI for urban areas was 4.14%. Inflation measured by the Consumer Food Price Index (CFPI) was 8.66% in February but was recorded at 8.52% this time, primarily due to rise in cereal prices and of meat and related items.
The rise in food prices and cereal may cause some concern and needs to be monitored to keep inflation in check."
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