The high cost of food items, as well as expensive fuel and manufactured goods such as clothing and footwear, has pushed inflation into Indian stores 17 months in March 2022. According to data provided by the National Bureau of Statistics on Tuesday, Consumer Price Index. (CPI) increased by 6.95 percent last month from 6.07 percent in February 2022.
Similarly, according to YoY, inflation in the last month has risen sharply from 5.52 percent recorded in March 2021. This trend appears to be significant as retail inflation remains far higher than the Reserve Bank of India’s target, which has a target range. of CPI of 2 to 6 percent.
NSO data revealed
According to NSO data, the Consumer Food Price Index, which measures changes in food product prices, rose 7.68 percent last month from 5.85 percent in February 2022 and 4.87 percent in March 2021. According to the inflation rate CPI, prices and products fell by 2.57 percent in March 2022 YOY. In addition, meat and fish prices increased by 9.63 percent, eggs were more attractive by 2.44 percent, and oil and oil prices by 18.79 percent.
Similarly, the total price of the food and beverage category had risen by 7.47 percent. Besides, vegetable prices had risen by 11.64 percent. In addition, according to official information, the rate of inflation and light inflation was 7.52 percent. In addition, a small group of clothing and footwear showed an increase in price by 9.40 percent.”CPI inflation rose sharply beyond our expectations, reaching a 17-month high of 6.95 percent in March 2022, which led to a sharp rise in other food and beverages such as meat and fish,” said Aditi Nayar, Chief Economist, ICRA.
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