4.28%

Retail inflation in March 2018, which has slipped to a five-month low due to easing food prices. However, it is higher than 3.89 per cent recorded in March 2017 and also above the RBI’s medium-term target of 4 per cent. So, it is likely that the central bank will make no changes in the interest rates in the next review due in early June. Consumer inflation stood at 4.44 per cent in February this year. RBI has recently lowered its projection of April-September retail inflation to 4.7-5.1 per cent range from a previous range of 5.1-5.6 per cent released in February. Retail inflation spiked to 5.21 per cent in December 2017, the highest since August 2016.