Last week, the Reserve Bank lowered its major short-term loan ratio (Repo) by 25 basis points after eased inflation.
Retail inflation has dropped slightly to a nearly six-year low of 3.34%, as prices of vegetables and protein-rich proteins fell. Inflation was 3.61% in February, and 4.85% in March last year. Inflation in March 2025 was the lowest since August 2019, when it was 3.28%. Food inflation was 2.69% in March, compared with 3.75% in February and 8.52% in March 2024.
Last week, the Reserve Bank lowered its major short-term loan ratio (Repo) by 25 basis points after eased inflation. The Reserve Bank expects CPI inflation to be 4% for the current fiscal 2025-26 period, 3.6% in the first quarter, 3.9% in the second quarter, 3.8% in the third quarter and 4.4% in the fourth quarter. The risk is evenly balanced. Meanwhile, wholesale price inflation fell to a six-month low of 2.05% in March as prices for vegetables, potatoes and other foods were alleviated. In February, inflation was 2.38% based on the Wholesale Price Index (WPI). Last March was 0.26%.
(This story has not been edited by DNA staff except for the title and published from PTI)
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