business / news / / The Economic Times
India's retail inflation quickened to 3.4% year-on-year in March from 3.21% in February.
India's March retail inflation rose to 3.4% under a newly revised CPI base year of 2024.
KEY POINTS
- 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.
COMPANIES
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