India’s retail inflation edged up marginally to 3.4 per cent in March on a year-on-year basis, according to the latest data released by the Ministry of Statistics and Programme Implementation on Monday. The figures are based on the revised Consumer Price Index (CPI) series, with 2024 as the new base year, reported IANS.

New CPI Series Reflects Moderate Price Pressures

The March inflation figure shows a slight uptick from 3.21 per cent recorded in February and the revised 2.74 per cent in January, when the updated CPI series was introduced. Despite the increase, inflation levels remain within a relatively moderate range, indicating controlled price pressures across key sectors of the economy, reported IANS.