Fruit, vegetable prices push March retail inflation to 8.31 pc

Tags: News
Retail inflation in March inched up to 8.31 per cent from 8.03 in February, mainly on account of a rise in fruit and vegetable prices.

"Provisional annual inflation rate based on all India general Consumer Price Index (Combined) for March 2014 on point to point basis (over March 2013) is 8.31 per cent as compared to 8.03 per cent for February 2014," the Central Statistics Office (CSO) said in a statement today.

The corresponding provisional inflation rates for rural and urban areas for March were 8.89 per cent and 7.51 per cent, respectively. Inflation rates (final) for rural and urban areas for February were 8.43 per cent and 7.55 per cent, respectively.

Overall inflation in the food basket, including beverages, increased to 9.1 per cent in March from 8.57 per cent in the previous month, according to Consumer Price Index (CPI) data released by the CSO today.

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.

Prices of condiments and spices rose 8.87 per cent from 8.48 per cent in February.

Retail inflation has been easing for three months since December 2013.

Government data earlier today showed inflation as measured by the wholesale price index rose to a three-month high of 5.7 per cent in March, mainly due to a spurt in prices of food items such as potato, onion and fruits.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • If the first 17 editions of Saarc were tragedies, Kathmandu was a sham

    Rarely has a regional grouping such as the South Asian Association of Regional Cooperation (Saarc) promised so much and delivered so little.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

By the power of wind, let there be light

In India, the development of wind power began in the ...

Zehra Naqvi

Being unrealistic can be good for you

Depression is a term that most people use very casually ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture