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Retail Inflation Rises To 17-Month High Of 6.95% In March Due To Higher Food, Oil Prices

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India's retail inflation for March 2022 rose to 6.95 per cent from 6.07 per cent in February 2022 India's retail inflation for March 2022 rose to a 17-month high of 6.95 per cent from 6.07 per cent in February 2022 mainly due to rising food and oil prices.  Food inflation for March rose sharply to 7.68 per cent, while it was 5.85 per cent in February 2022. In October 2020, retail inflation had touched a high of 7.61 per cent. The retail inflation in January 2022 was 6.01 per cent and with this, the inflation which is calculated on consumer price index (CPI), has breached Reserve Bank of India's (RBI) upper tolerance limit of 6 per cent for third month in a row. Prices of fuel, meat and fish, milk products, cereals, pulses, spices, housing, clothing, light and footwear went up in March 2022 compared to February. In March 2021, retail inflation was 5.52 per cent while food inflation was 4.87 per cent. Food inflation in February was 5.85 per cent, higher than 5.43 per cent r...