New Delhi :
People suffering from rising inflation in the country have got some relief. There has been a decrease in inflation in the month of March in the country and there has been a slight decline in retail inflation. According to government data released on Tuesday, retail inflation was 3.34 percent in March, which was earlier 3.61 percent in February. With this, retail inflation has reached a 6 -year low in March. This decline has been recorded due to the fall in prices of vegetables and protein -rich goods.
In February, the consumer price index based inflation was 3.61 percent. At the same time, 4.85 percent was recorded in March last year.
Food inflation in the country was 2.69 percent
Food inflation was 2.69 percent in March, while it was 3.75 percent in February and 8.52 percent in March 2024.
The Reserve Bank of India (RBI) mainly looks at retail inflation while creating monetary policy. RBI has reduced the major policy rate repo from 0.25 percent to six percent last week.
Wholesale inflation is also at a six -month low
Meanwhile, due to decrease in the price of food items, the wholesale price index -based inflation came down to a six -month low of 2.05 percent on a monthly basis in March. Earlier in September last year, wholesale inflation was at 1.91 percent.
The wholesale Price Index (WPI) based inflation was 2.38 percent in February. However, it has increased in March on an annual basis. It was 0.26 percent in March 2024.