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In March, India's headline retail inflation rate eased to a nine-month low of 4.85 percent, according to data released by the Ministry of Statistics and Programme Implementation on April 12.
India's retail inflation dipped to 4.85 per cent annually in March from 5.09 per cent in the previous month, as per ET bureau. A Reuters survey had anticipated a decrease to 4.91 per cent. The figure falls within the 2-6 per cent tolerance band set by the Reserve Bank of India (RBI).
The latest inflation data comes a week after the RBI's Monetary Policy Committee (MPC) on April 5 announced the decision to keep the policy repo rate unchanged at 6.5 percent for the seventh consecutive time
The eight core industries – coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity – make up around 40 percent of the IIP