Rise in retail, wholesale inflation dashes rate-cut hopes

Apr 15 2014, 21:42 IST
Comments 0
SummaryExpensive fruits and vegetables pushed up wholesale and retail inflation rates in March, dashing industry's hopes of a rate cut by the RBI in its forthcoming monetary policy...

in the vegetables segment was 8.57 per cent compared with about 4 per cent in February. Fruits were costlier by 16.15 per cent in March compared with 9.92 per cent.

The WPI data showed that prices of sugar, pulses, cereals, cement and minerals eased in March compared with the previous month.

Inflation in the fuel and power category (LPG, petrol and diesel) was at 11.22 per cent versus 8.75 per cent in February.

As per retail inflation or CPI data, vegetable prices increased 16.8 per cent in March as against a 14.04 per cent rise in February. The prices of fruits rose 17.19 per cent compared with a 15.79 per cent increase in February.

Retail or consumer inflation in protein-rich items such as eggs, fish and meat eased to 9.54 per cent in March from 9.69 per cent in February.

The rate of price rise for cereals and related products slowed to 9.61 per cent in March from 9.93 per cent.

However, the price of milk and its products increased 11.02 per cent in March compared with 10.37 per cent in the previous month.

Retail inflation has been easing for three months since December.

Single Page Format
Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...