What moved customer inflation in March 2023, where is it headed?

Synopsis Let us analyze parts and sub-components of CPI integrated to identify what added to or impeded the moderation.Getty ImagesConsumer inflation was up to a 15-month low in Mar 2023. CPI integrated was listed below market expectations, supported by base result and soft food costs. Reported inflation was 5.66% y-o-y compared to expectations of 5.8%. Comparing y-o-y inflation rates for Feb and Mar 2023, 59% of 290 sub-components of CPI combined saw small amounts in rate development, 38% saw a dive in cost development whereas 3% experienced no modification. Let us analyze elements and sub-components of CPI integrated to identify what added to or prevented the small amounts. Food and drink With a weightage of 45.9%, food and drink inflation relieved to 5.11% y-o-y in March 2023 from 6.3% in February 2023. Vegetables and fruits While fruits saw a boost in inflation, veggie rates decreased. The classification was impacted due to unseasonal rains and hailstorms. Other foods Demand-supply space is sustaining milk inflation; Cereals inflation continues to stay in double digits, though it reduced off in March after federal government intervention. Health care With a weight of 5.89% in CPI Combined, health infl ation leapt from 6.5% in February 2023 to 6.59% in March 2023. Health care inflation continues to increase led by a dive in the rates of medications and medical tests. Fuel and power The element has a weightage of 6.8% and its inflation moderated from 9.9% in February 2023 to 8.9% in March 2023. In spite of greater LPG rates, fuel & light inflation moderated. Effect of boost
Find out more