Retail inflation reaches the highest level of 17 months, the effect of the rise in food prices

Retail inflation at record level

The rise in retail inflation has been seen due to the sharp jump in food prices. Retail food inflation rose to 7.68 per cent in March from 5.85 per cent a month ago.

Retail inflation has reached a 17-month high in the month of March due to the rise in the prices of food items. According to the data released by the government, the CPI has risen to 6.95 percent in March. Which is the highest level of the last nearly 17 months. Earlier this figure for February was 6.07 percent. This jump in inflation rate has been seen due to the rise in food prices. Retail food inflation stood at 7.68 per cent during March as against 5.85 per cent a month ago.

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