India Tasa De Inflación

Annual retail inflation in India fell to 4.85% in March 2024, the lowest since May 2023, from 5.09% in February and compared to forecasts of 4.91%. Food inflation was 8.52%, below 8.66%, mainly due to prices for vegetables (28.3% vs 30.3%), while cost slowed for pulses (17.7% vs 18.9%), spices (11.4% vs 13.5%) and fruits (3.1% vs 4.8%) and continued to fall for oils and fats (-11.7% vs -14%). Meanwhile, a slowdown was also seen in prices for clothing and footwear (3% vs. 3.1%), miscellaneous (3.5% vs. 3.6%) and housing (2.8% vs 2.9%) and prices fell more for fuel and light (-3.2% vs -0.8%). Inflation for pan, tobacco, and intoxicants was little changed at 3.1%.