New Delhi: Retail inflation eased to 5.66% in March, data from the Ministry of Statistics and Programme Implementation showed on Wednesday, April 12.According to the Indian Express, rural inflation in March stood at 5.51%, while urban inflation was at 5.89%.The retail inflation based on Consumer Price Index (CPI) was 6.44% in February 2023, which was still above the tolerance band of the Reserve Bank of India (RBI).The inflation figure in March is within the RBI’s comfort zone as it is below 6%. It was 6.95% in the same month in the year-ago period.The RBI in its latest bimonthly monetary policy last week kept the repo rate unchanged at 6.5%. The central bank projected inflation to fall to 5.3% in fiscal year 2023-24.According to the National Statistical Office, the inflation in the food basket was 4.79% in March, as against 5.95% in February and 7.68% in the year-ago period.Separately, India’s industrial output in March rose 5.6% year-on-year.Factory output measured in terms of the Index of Industrial Production (IIP) increased 1.2% in February 2022, the MoSPI data showed, the daily reported.Meanwhile, India’s manufacturing sector’s output increased 5.3% in February and mining output grew 4.6%.