Retail inflation rises to 17-month-high of 6.95% in March 2022

India's retail inflation jumped to a 17-month-high of 6.95% in March 2022 due to higher food and oil prices, data released by the government on Tuesday showed. This is the third consecutive month in which retail inflation has breached the Reserve Bank of India's (RBI) upper margin of 6%. The country's retail inflation stood at 6.01% for February 2022.