March retail inflation eases to 4.83%; February IIP rises 2%

India's annual consumer inflation eased for the second straight month to 4.83 percent in March, helped by smaller rises in food prices, government data showed on Tuesday.

Vendors warm themselves by a fire amid stacked cauliflowers at Azadpur wholesale fruit and vegetable market in New Delhi January 14, 2012. The overall inflation situation will be manageable if the declining trend in food inflation continues for the next 3 months, Finance Minister Pranab Mukherjee said on Thursday. REUTERS/Parivartan Sharma (INDIA - Tags: ENVIRONMENT BUSINESS FOOD TPX IMAGES OF THE DAY)

Economists surveyed by Reuters had forecast retail inflation would slow to 5 percent in March from an upwardly revised 5.26 percent in February.

Food inflation eased slightly to 5.21 percent in March from 5.30 percent in the previous month.

Meanwhile, industrial output grew at an annual rate of 2.0 percent in February, government data showed on Tuesday.

Economists surveyed by Reuters had forecast output would grow by 1.0 percent compared with a 1.5 percent year-on-year contraction in January.

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Updated Date: Apr 12, 2016 18:38:52 IST

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