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Consumer Price Index (CPI) inflation is pegged at a 13-month high of 3.5% year-on-year for March.
March CPI inflation is estimated at a 13-month high of 3.5% year-on-year.
KEY POINTS
- Fuel inflation is projected to rise by 11% year-on-year in March, mainly due to global oil prices.
- The weight of food and beverages in the CPI basket has dropped to 36.75% in the 2024 series.
- HDFC Bank forecasts CPI inflation to average close to 5% in FY27, assuming oil prices stabilize.
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