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    Higher food prices raise retail inflation in March

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    Higher food prices pushed India’s in March to 2.86 percent from 2.57 percent during February, official data showed.

    Higher food prices raise retail inflation in March
    Higher food prices pushed India's retail inflation in March to 2.86 percent from 2.57 percent during February

    Accordingly, the Consumer Food Price Index (CFPI) in the month under review rose to 0.30 percent from (-) 0.73 percent reported in February.

    However, on a year-on-year (YoY) basis, the Consumer Price Index (CPI) in March (2.86 percent) was lower during the corresponding period of 2018 with retail inflation rate of 4.28 percent.

    According to the Central Statistics Office data, the CFPI had risen by 2.81 percent in March 2018.