Inflation rate in the country has started increasing once again. According to the latest government data, retail inflation (CPI) has increased to 3.4 percent in March, whereas it was 3.21 percent in February. These figures, released on April 13, indicate that pressure on consumer prices is gradually increasing.
According to experts, this increase in inflation is mainly due to the rise in prices of food items. Food inflation increased to 3.71 percent in March, which was 3.47 percent in February. The increase in prices of daily essential items like grains, vegetables and other food items has played an important role in this increase.
This increase has been recorded at a time when there is an atmosphere of tension at the international level. Regarding the ongoing conflict between Israel and America and Iran, there are apprehensions that if this situation prolongs, the global supply chain may be affected, due to which inflation may increase further.
There is also a difference in rural and urban inflation figures. Inflation in rural areas increased from 3.37 percent in February to 3.63 percent in March. At the same time, in urban areas this rate has increased from 3.02 percent to 3.11 percent. It is clear from this that price pressure has increased relatively more in rural India.
Economists believe that if this increase in food prices continues, then the pockets of the general public may be further affected in the coming months. This situation can be challenging especially for low and middle income group families. At present, the government and policy makers are keeping an eye on the situation and necessary steps are expected to be taken to control inflation in the coming time.
