# India's retail inflation quickened to 3.4% year-on-year in March from 3.21% in February.

*business · news · 2026-04-13 · The Economic Times*

## Key points

- India's March retail inflation rose to 3.4% under a newly revised CPI base year of 2024.
- The revised CPI basket now gives less weight to food and more to housing, utilities, and services.
- New consumption items like OTT subscriptions and digital storage devices are included in the updated CPI basket.
- RBI provided its first detailed quarterly inflation projections, forecasting 4.6% CPI inflation for FY27.
- Geopolitical tensions, especially US naval actions against Iran, are directly impacting India's inflation outlook.

**Countries:** India, Iran, Israel, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/news/economy/indicators/india-march-retail-inflation-3-40-percent-cpi-us-iran-middle-east-war-global-trade-flows-disruption/articleshow/130233288.cms)

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