India's retail inflation eases to 15-month low in March

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India's retail inflation eases to 15-month low in March

STORY: India's retail inflation eases to 15-month low in March DATELINE: April 13, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of food grain wholesale market 3. various of food grains 4. various of vegetable market 5. various of roads STORYLINE: India's retail inflation eased to a 15-month low at 5.66 percent in March, data released by the Ministry of Statistics and Program Implementation (MoSPI) showed on Monday. "The inflation based on Consumer Price Index (CPI) in March 2023 was 5.66 percent," the government data said. "It was 6.44 percent in February." The food inflation also eased to 4.79 percent in March, as against 5.95 percent in February and 7.68 percent in the year-ago period, the data showed. The fall in the rate of retail inflation is attributed mainly to a decline in the rate of rise in prices of essential commodities like vegetables, meat, fish, and oil, among others. Data from MoSPI showed that inflation eased to 5.51 percent

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