Retail inflation jumps to 6.95% in March

NEW DELHI: Retail inflation based on consumer price index (CPI) accelerated to 6.95 per cent in March, data released by government showed on Tuesday.
In February, the inflation figure was an eight month high of 6.07 per cent.
The Reserve Bank of India (RBI) mainly factors in retail inflation while arriving at its bi-monthly policy.
Reserve Bank’s monetary policy committee (MPC) has been tasked by the government to tame retail inflation based on consumer price index (CPI) at 4 per cent (+,-2 per cent).
This month too the inflation figure remained above the upper limit of RBI’s targeted range.