Odisha Tops Retail Inflation Rate In Country; Here’s What Experts Said

A recent data revealed that in March 2024, inflation rate in Odisha was highest as compared to other states and union territories in the country. Inflation is the degree of increase in prices over a given period of time, and it measures how much more expensive a set of goods and services has become over a certain period.

As per the data released by the Ministry of Statistics and Programme Implementation, Odisha recorded the highest retail inflation rate of 7.05 per cent among all major states in the month of March. This is at a time when the overall retail inflation rate in the country dropped to a 10-month low of 4.85 per cent.

RURAL INFLATION RATE (7.27%) > URBAN INFLATION RATE (6.46%): As per the data, the rural inflation rate in Odisha was higher than the urban with 7.3 percent and 6.5 percent, respectively.

Thirteen out of the 22 states and Union territories, for which the data was released, have higher than the overall inflation rate of 4.9 percent. Odisha emerged as the state with the highest inflation rate in March, followed closely by Assam and Haryana with 6.1 percent. Delhi recorded the lowest inflation rate of 2.3 percent followed by Uttarakhand at 3.6 percent. It has been observed that the retail inflation rate is high in Odisha despite having all resources because the state is a consuming state and not a producing state.