At 7.1%, Odisha records highest retail inflation

Apr18,2024



New Delhi: Odisha had the highest inflation Rate The latest data shows that among the states and union territories, Assam and Haryana followed, while Delhi recorded the lowest rate in March.
Thirteen of the 22 states and union territories for which data is published monthly are posted inflation The overall inflation rate is more than 4.9%.
Inflation rate in Odisha was recorded at 7.1%, followed by Assam and Haryana at 6.1%. Bihar recorded a rate of 5.7%, while Telangana saw a rate of 5.6%.
Least viewed in Delhi retail The inflation rate is 2.3%, followed by Uttarakhand at 3.6%, West Bengal and Maharashtra at 3.7% and Himachal Pradesh at 4.1%. Odisha recorded the highest inflation rate in rural areas at 7.3%, followed by Haryana at 7.2%. Odisha also saw the highest inflation rate in urban areas at 6.5%, followed by Rajasthan and Telangana.
Data released earlier showed retail inflation fell to a five-month low of 4.9% in March due to a marginal decline in food inflation, down from 5.1% recorded in February. This data has come before the first phase of general elections. Voting for which is scheduled for Friday. Rural inflation was more than 5.5%, while urban inflation was 4.1%.
There are several factors that cause variations in inflation rates between states and union territories, including supply management and the impact of weather-related events.
While retail inflation has eased in recent months, some pressure points remain in vegetables, pulses and some food items. Experts say they expect the food and beverage inflation rate to remain around 7% and the expected heat in some parts of the country is likely to put fresh pressure on prices of vegetables and perishable goods.
The hardening of global crude oil prices against the backdrop of tensions in the Middle East region could also act as a pressure point for prices in the coming months.
Expectations of an interest rate cut have waned in recent weeks and now experts say the Reserve Bank of India (RBI) is likely to move on rates in the second half of the financial year and the action will be guided by the trajectory of inflation. And geopolitical situation.
In his latest monetary policy statement earlier this month, RBI Governor Shaktikanta Das said food price uncertainties are weighing on the pace of inflation going forward. He also said record production of Rabi wheat will help ease price pressure and replenish buffer stocks and early signs of normal monsoon bode well for the Kharif season.



Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *