The common man has got great relief on the inflation front. Besides, the efforts of the government have also paid off. Retail inflation in March was the lowest in 10 months. This decline in retail inflation has been recorded due to food items becoming cheaper. 

In fact, according to the data released by the National Statistical Office (NSO) on Friday, the country's retail inflation rate came down to 4.85 percent in March. Earlier in February, the retail inflation rate was 5.09 percent.

Fall in prices of pulses 

The food inflation rate has declined from 8.66 percent to 8.52 percent in March. Apart from this, the prices of vegetables and pulses have also declined. Last month a decline was also seen in the prices of shoes and slippers. 

According to the latest data, the urban inflation rate declined from 4.78 percent to 4.14 percent (MOM) in March. However, an increase in rural inflation has been recorded during this period. Rural inflation increased from 5.34 percent in February to 5.45 percent in March. The inflation rate of vegetables has increased to 28.34 percent in the month of March, which was 30.25 percent in the month of February. Apart from this, the inflation rate of pulses decreased from 18.90 percent to 17.1 percent (MOM).

Now retail inflation rate is in favor of the RBI 

Let us tell you, that the Reserve Bank of India is continuously taking steps to control Consumer Price Index (CPI) based inflation. At present the retail inflation rate is within the target range of RBI. The Reserve Bank of India (RBI) has set the retail inflation rate at 4 percent. There is also a range of 2 percent up and down. That means, efforts will be made to keep the retail inflation rate between 2 to 6 percent.