Retail Inflation declined to 10.39 Percent in March 2013
As per a Government data released, retail inflation of the country declined to 10.39 % in March. This is the first decline over a period of five months.
According to a data released on 12 April 2013 Retail Inflation declined to 10.39 percent in March 2013. The decline snapped five months trends of rising with the easing of the vegetables and the protein based items. The inflation recorded in February 2013 based on the Consumer Price Index was 10.91 percent.
The prices of the vegetable basket eased from 21.29 percent in February 2013 to 12.16 percent in March 2013. Whereas; the inflation in context of protein based items like meat, egg and fish remained stagnant at 14.36 percent in March 2013.
The inflation in oil and fat segment remained at 11.72 percent and the inflation in cereal segment was recorded to be the highest of 17.55 percent in March 2013. Inflation in Pulses stood at 11.38 percent and in sugar it was 11.65 percent on annual basis.
The retail inflation in urban areas declined from 10.84 percent recorded in February to 10.38 percent in March 2013. Whereas the consumer price index (CPI) of rural population went down to 10.33 percent in March 2013 from 11.01 percent recorded in February 2013.