Retail inflation declined to 5.91 percent in March 2020. Prices have come down due to food and drink being cheaper. But if we look at it compared to the same month of last year, it is more. The inflation rate was 2.86 percent in the same month last year.
A month earlier, the retail inflation in February was 6.58 per cent. Experts believe that due to coronavirus, inflation will moderate in April.
The National Statistical Organization released its figures on Monday. According to this, inflation in food items declined to 8.76 percent in March from 10.81 percent in February. Inflation in vegetables stood at 18.63 percent in March. It was 31.61 percent a month ago.
However, inflation in cereals and other products has increased slightly during this period. It was 5.30 percent in March as against 5.23 percent in February. There was a slight decrease in inflation in pulses. It was 16.61 percent in February, which came down to 5.23 percent in March.
Talking about fuel and electricity, its inflation rate was 6.59 percent in March, which was 6.36 percent in February 2020. The Reserve Bank has indicated a further reduction in inflation. In view of the Coronavirus epidemic, the RBI had drastically cut the repo rate by 0.75 per cent on 27 March.