India Inflation Rate at 5-Month Low of 4.28%


Indian consumer prices rose 4.28 percent year-on-year in March of 2018, following a 4.44 percent increase in February and compared with market expectations of 4.2 percent. It is the lowest inflation rate in five months amid a slowdown in food cost.

Cost went up at a slower pace for food and beverages (3.01 percent from 3.38 percent in February). The food index alone rose 2.81 percent, below 3.26 percent in the previous month. Inflation eased for vegetables (11.7 percent from 17.57 percent) but went up for fruits (5.78 percent from 4.8 percent) and prices of pulses fell slightly less (-13.41 percent from -17.35 percent). Inflation was also lower for fuel and light (5.73 percent from 6.8 percent) and clothing and footwear (4.91 percent from 5 percent) but was slightly higher for housing (8.31 percent from 8.28 percent).

The corresponding provisional inflation rates for rural and urban areas are 4.44 percent and 4.12 percent (4.45 percent and 4.52 percent respectively in February).

 India Inflation Rate at 5-Month Low of 4.28%


Joana Taborda | joana.taborda@tradingeconomics.com
4/12/2018 12:24:51 PM