indias consumer prices increased on year in march at a faster pace than in february beating economists forecasts according to preliminary government data published tuesday the indian consumer price index increased 695 on year in march after a 607 rise in february economists polled by factset expected consumer prices to rise 64 the inflation rate is above the reserve bank of indias target of 2 to 6 the urban consumerprice index for march rose 612 compared with the same period a year earlier while the rural reading increased 766 the data showed