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

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

Reuters April 12, 2016 18:38:52 IST
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.

March retail inflation eases to 483 February IIP rises 2

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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