look news india
Retail inflation declined to the lowest level of 3.34 percent in the march due to the fall in prices of vegetables and protein -rich products. Earlier in August 2019 it was 3.28 percent.
Due to retail inflation below four percent, RBI is expected to cut interest rates for the third consecutive time. It is noteworthy that inflation based on the Consumer Price Index (CPI) was 3.61 percent in February, compared to 4.85 percent in March last year.
According to data released by the National Statistics Office (NSO), retail food inflation was 2.69 percent in March. Which was 3.75 percent in February and 8.52 percent in March 2024.
Today, along with retail inflation, wholesale inflation figures were also released. Wholesale inflation was 2.05 percent in March. Vegetables in March,. Potato and other food prices have decreased.
Wholesale inflation based on the wholesale price index was 2.38 percent in February. Which was 0.26 percent in March last year.
India’s exports have increased after four months. India’s exports increased by 0.7 percent to $ 41.97 billion in March. According to data released by the Ministry of Commerce, imports in March increased by 11.3 percent to $ 63.51 billion. Which is the highest level of four months. The trade deficit increased to 21 in March. It remains at $ 54 billion.