India’s Retail Inflation rate of March 2021, Consumer Price Index (CPI) number of March 2021

Retail Inflation rate and CPI number for March 2021 of India has been declared on 12th April 2021 (Monday) by the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation (MoSPI).

Retail Inflation rate in India for March 2021 is 5.52 % against 5.03 % in February 2021, based on CPI (General) while the Inflation rate based on CFPI (Food) for March 2021 is 4.94 % against 3.87 % in February 2021. The Combined CPI (General) value for March 2021 is 156.8 vs 156.6 in February 2021.

Meaning of Inflation:

  1. Inflation means the rise in prices of goods and services. It includes the rise in prices of daily consumable items like milk, egg, cereals, fruits & Vegetables, meat and fish. Also it reflects the rise in cost of clothing and footwear, food and beverages, Housing, fuel and lights, expenditure on Education and Health, Recreation and amusement, Transport and communication and many more.
  2. Inflation means the decline in purchasing power of a currency over a period of time for a country. So, inflation indicates the quantitative rate of the decline in purchasing power, in which the rise in average prices of selected goods and services are measured over a period of time.

What is CPI, Consumer Price Index inflation?

Consumer Price Index is an index which collects the changes in prices of selected items from goods and services. The list of items keeps on updating by Government. So, based on the changes in Consumer Price Index, inflation is calculated. Consumer Price Index, CPI’s yearly changes in percentage is used to calculate inflation.

Consumer Price Index Formula or Consumer Price Index calculator:

How the Consumer Price Index is calculated? The Consumer Price Index is calculated with reference to a base year. We get value of Consumer Price Index, if Cost of Basket (current year) is divided by Cost of Basket (base year), and the result is multiplied by 100.

Consumer Price Index Formula = [Cost of Basket (current year) / Cost of Basket (base year)] x 100

Retail Inflation rate in India in March 2021:

Retail Inflation rate in India for March 2021 is 5.52 % against 5.03 % in February 2021, based on CPI (General) while the Inflation rate based on CFPI (Food) for March 2021 is 4.94 % against 3.87 % in February 2021. . This indicates the significant rise in prices of food items.

On 12.04.2021, the National Statistical Office (NSO), under Ministry of Statistics and Programme Implementation (MoSPI) has released All India Consumer Price Index (CPI) on Base 2012=100 and corresponding Consumer Food Price Index (CFPI) for Rural (R), Urban (U) and Combined (C) for the month of March 2021 (Provisional).

The Price data are collected from representative and selected 1114 urban markets and 1181 villages covering all States / UTs by NSO.

Inflation and CPI circular by NSO for March 2021
Inflation and CPI circular by NSO for March 2021

All India Retail Inflation rates (%) for March 2021 based on CPI (General) and CFPI (Base: 2012=100):

All India year-on-year retail Inflation rates (%) based on CPI (General) and CFPI are given here on point to point basis means the Inflation rates (%) are given for current month, March 2021 vs the same month in previous year, February 2021.

While, the retail inflation rates of March 2021 (Provisional) vs February 2021 (Final) has been shown in percentage basis. The rural, urban and combined inflation data has been compared for March 2021 vs February 2021.

  1. The Rural inflation for March 2021 is 4.61% vs 4.19% in February 2021, based on CPI (General).
  2. The Urban inflation for March 2021 is 6.52% vs 5.96% in February 2021, based on CPI (General).
  3. The Combined inflation for March 2021 is 5.52% vs 5.03% in February 2021, based on CPI (G).
  4. The Rural inflation for March 2021 is 3.94% vs 2.89% in February 2021, based on CFPI.
  5. The Urban inflation for March 2021 is 6.64% vs 5.63% in February 2021, based on CFPI.
  6. The Combined inflation for March 2021 is 4.94% vs 3.87% in February 2021, based on CFPI.
IndicesMar 2021 (Provis.) Mar 2021 (Provis.) Mar 2021 (Provis.) Feb 2021 (Final) Feb 2021 (Final) Feb 2021 (Final)
Rural Inflation %Urban Inflation %Combined Inflation %Rural Inflation %Urban Inflation %Combined Inflation %
CPI (Genl.)4.616.525.524.195.965.03
CFPI3.946.644.94 2.89 5.63 3.87
All India Inflation rates (%) of March 2021 based on CPI (General) and CFPI

All India CPI (General) and CFPI of March 2021 (Base: 2012=100):

Monthly changes (%) in All India Consumer Price Index, CPI (General) and CFPI (Consumer Food Price Index) of March 2021 over February 2021 are given below:

  1. The Rural CPI (General) value for March 2021 is 156.7 vs 156.7 in February 2021.
  2. The Urban CPI (General) value for March 2021 is 156.9vs 156.5 in February 2021.
  3. The Combined CPI (General) value for March 2021 is 156.8vs 156.6 in February 2021.
  4. The Rural CFPI value for March 2021 is 152.9vs 153.3 in February 2021.
  5. The Urban CFPI value for March 2021 is 159.0vs 159.6 in February 2021.
  6. The Combined CFPI value for March 2021 is 155.1vs 155.5 in February 2021.
IndicesRural IndexRural IndexRural IndexUrban IndexUrban IndexUrban IndexComb. IndexComb. IndexComb. Index
Mar 21Feb 21% change Mar 21 Feb 21% change Mar 21 Feb 21% change
CPI (Genl.)156.7 156.7 0.00156.9 156.5 0.26156.8 156.6 0.13
CFPI152.9 153.3 -0.26159.0 159.6 -0.38155.1 155.5 -0.26
All India CPI (General) and CFPI of March 2021

State/UT wise General Consumer Price Indices for March 2021 (Provisional) (Base: 2012=100) :

The CPI (General) for state or UT wise has been attached below.

  1. The Highest CPI (General) among all states and UTs – Manipur
  2. The Lowest CPI (General) among all states and UTs – Dadra & Nagar Haveli

State / UT wise year-on-year inflation rates (%) for March 2021 (Provisional) (Base: 2012=100) :

The year-on-year inflation rates (%) for state or UT wise has been attached below.

  1. The Highest year-on-year inflation rates (%) among all states and UTs – Andhra Pradesh
  2. The Lowest year-on-year inflation rates (%) among all states and UTs – Rajasthan

Inflation rate and CPI-CFPI official circular by NSO for March 2021 pdf to download: (Source: mospi.nic.in)

Rate of inflation in India month wise data:

Inflation in monthInflation % dataChange in Inflation (%)
March 20215.529.74 %
February 20215.0323.89 %
January 20214.06-11.55 %
December 20204.59-33.77 %
November 20206.93-8.94 %
October 20207.614.68 %
September 20207.278.67 %
August 20206.69-0.59 %
July 20206.738.03 %
June 20206.23-0.48 %
My 20206.26-13.30 %
April 20207.2223.63 %
March 20205.84-11.25 %
February 20206.58-13.31 %
January 20207.59
Rate of inflation in India month wise data

Historical Rate of inflation data of India:

Here, the past data of inflation rate for 1 year, past data of inflation rate for 5 years, past data of inflation rate for 10 years and past data of inflation rate for 25 years are plotted in different forms of graph.

Historical inflation data of India graphically:


source: tradingeconomics.com

Historical CPI, Consumer Price Index data of India:

Here, the past data of CPI, Consumer Price Index for 1 year, past data of CPI, Consumer Price Index for 5 years, past data of CPI, Consumer Price Index for 10 years and past data of CPI, Consumer Price Index for 25 years are plotted in different forms of graph.

Historical CPI, Consumer Price Index data of India graphically:


source: tradingeconomics.com

Components of CPI, Consumer Price Index :

CPI, Consumer Price Index consists of 6 groups having 23 sub-groups named below:

  1. Food and beverages –
    1. Cereals and products
    2. Meat and fish
    3. Egg
    4. Milk and products
    5. Oils and fats
    6. Fruits
    7. Vegetables
    8. Pulses and products
    9. Sugar and Confectionery
    10. Spices
    11. Non-alcoholic beverages
    12. Prepared meals, snacks, sweets etc.
  2. Pan, tobacco and intoxicants
  3. Clothing and footwear
  4. Housing
  5. Fuel and light
  6. Miscellaneous
    1. Household goods and services
    2. Health
    3. Transport and communication
    4. Recreation and amusement
    5. Education
    6. Personal care and effects

Components of CFPI, Consumer Food Price Index :

CFPI, Consumer Price Index consists of 10 sub-groups under group Food and beverages, named below: Food and beverages –

  1. Cereals and products
  2. Meat and fish
  3. Egg
  4. Milk and products
  5. Oils and fats
  6. Fruits
  7. Vegetables
  8. Pulses and products
  9. Sugar and Confectionery
  10. Spices

Disclaimer: Kindly consult official website of RBI for any confusion or clarifications.

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