Consumer Price Index-based inflation (CPI) for the month of March arrived at 5.52 percent, rising from February's 5.03 percent.
Official data released on April 12 shows that retail inflation in March stayed within the Reserve Bank of India's (RBI) medium-term inflation target of 4(+/-2 percent) for the fourth consecutive month.
The combined food price inflation rose to 4.94 percent in March, as compared to 3.87 percent in February.
An increase in the cost of fuel including petrol, diesel as well as LPG resulted in wholesale inflation for March month surging to 7.3 percent.
In December month last year, Fuel inflation has jumped by 10.2 percent, which earlier contracted for the past 3 months, together with an uptick in food inflation, resulting in WPI rising for the third straight month. Furthermore, manufactured products that command a combined weight of 65 percent in the index surged by a sharp 7.3 percent.
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