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NEW DELHI: India’s retail inflation eased to 3.34% in March, the slowest pace in over five years, as food prices continued to soften, government data released on Tuesday showed.
March retail inflation was below economists’ estimate of 3.60%. Inflation for February was 3.61%. The March inflation was the lowest since August 2019, the government said in a statement.
India’s April-February fiscal deficit at 85.8% of full-year target
Food inflation eased to 2.69% in March from 3.75% in the previous month. Vegetable prices fell 7.04% year-on-year, compared with a 1.07% fall in February.
Prices of cereals rose 5.93% against a 6.1% increase in February, while those of pulses fell 2.73% compared to a 0.35% fall in the previous month.