SME Times News Bureau | 12 Apr, 2021
India's retail inflation marginally rose in March as the
Consumer Price Index (CPI) increased to 5.52 per cent from 5.03 per
cent in February.
Data furnished by the National Statistical
Office (NSO) showed that CPI Urban rose 0.26 per cent in March, whereas
the CPI Rural remained static.
As per the National Statistical
Office's data, Consumer Food Price Index increased to 4.94 per cent in
March from a rise of 3.87 per cent in February.
Rising retail
cost was a major factor in the Reserve Bank of India's recent decision
to keep the repo rate on hold, as low lending rates can potentially
stroke inflation.
In its bi-monthly monetary policy meeting in
April, the RBI kept its key interest rates unchanged and decided to
maintain its accommodative monetary policy stance to support growth amid
the pandemic.
