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E-mail ID will not be published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

  • Media obsession with his layoff smacks of lack of focus

    Pretty much like his abrupt vanishing act had done 50-odd days ago, Congress vice president Rahul Gandhi’s return on Thursday from a long and myster

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

<b>Riskfactor</b>: Oblivious to reality

The hostile media effect, originally deemed the hostile media phenomenon, ...

Zehra Naqvi

Sensual wordplay

The student of literature looks for form and structure. The ...

Bubbles Sabharwal

The bitter cold heart of life

Life has a heart just as we do. Most times ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture