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March CPI inflation seen at 15-month low of 5.7% due to favourable base
Economists see CPI inflation falling below the 6% upper bound of the RBI's tolerance band in March. At 5.7 percent, CPI inflation would be returning to the Reserve Bank of India's (RBI) mandated tolerance band of 2-6 percent after two months. The Ministry of Statistics and Programme Implementation will release retail inflation data for March on April 12.Inflation in MarchInflation is seen to be falling significantly in March primarily due to a favourable base effect. inflation is likely to remain sub-5 percent in April-June, albeit driven by favourable base effects," economists from Standard Chartered Bank said. Core industries account for around 40 percent of the IIP. As such, the former's performance is seen as a lead indicator of the latter. Source - Money Control
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