Headline, core inflation trim sharply

Headline inflation falls back below 6% as price indices ease across most categories

March 2023 retail inflation eased sharply to 5.66%, from 6.44% in February 2023 on Y-o-Y basis owing to a positive base effect and slight easing of input costs. Sequentially though, headline inflation increased 0.23% M-o-M while core inflation eased by 0.27%. In closing months of 2022, inflation briefly edged into the tolerance band, after which it stayed above the upper tolerance of 6% in both January and February 2023.

April 13, 2023

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