India Consumer Inflation Edges Up in March

Indian annual consumer prices accelerated in March for the first time in four months to 8.31 percent, up from a revised 8.03 percent in February, driven by higher food prices.

Provisional estimates showed food and beverages’ prices accelerated to an annual 9.1 percent in March, faster than February's provisional 8.57 percent increase. Fruit prices increased 17.19 percent; vegetables 16.8 percent; milk and products 11.02 percent and cereals and products 9.61 percent.

In contrast, prices of sugar and oils and fats fell 4.17 percent and 0.35 percent, respectively. 

Cost of clothing and footwear slowed to an annual 9.03 percent, down from a provisional 9.22 percent in February, while fuel and light prices accelerated to 6.29 percent. 

Provisional annual inflation rates for rural and urban areas for March of 2014 are 8.89 percent and 7.51 percent, respectively.

India Consumer Inflation Edges Up in March

Joana Taborda |
4/15/2014 1:23:42 PM