New Delhi, April 14 -- Despite a sharp rise in global energy prices amid the ongoing West Asia conflict, the impact on Indias retail inflation has remained limited so far, according to a report by CRISIL Intelligence.
The report noted that even after a month since the onset of the conflict, the pass-through of elevated global fuel prices to domestic inflation has been muted.
Global Energy Prices Surge Sharply
Internationally, Brent crude prices rose by around 45 percent in March, while natural gas prices surged nearly 69 percent compared with February, reported ANI.
However, Indias Consumer Price Index (CPI)-based inflation increased only marginally to 3.4 percent in March from 3.2 percent in February, primarily driven by food and f...