CPI Inflation At 5-Month Low But Food Prices Concern: Know Govt Steps, What Experts Feel
The food and beverages inflation is expected to remain above the 7 per cent mark in April 2024.CPI inflation in March 2024: Experts say stiffer cereals inflation, stubbornness in vegetable inflation and elevated pulses inflation remain a concernEven as the retail inflation or CPI inflation declined to a five-month low of 4.85 per cent in March 2024, experts said the worry remains food inflation, which remains high at 8.5 per cent. They said stiffer cereals inflation, stubbornness in vegetable inflation and elevated pulses inflation remain a concern given the India Meteorological Department’s (IMD) prediction of more-than-normal heatwaves between April and June.Though inflation in the food basket fell from 8.66 per cent in February to 8.52 per cent in March, it is still a concern.However, ...