Inflation quickens as Jan. IIP contracts

Inflation quickens as Jan. IIP contracts

The Hindu

Retail inflation quickened in February to 5.03%, a three-month high, spurred by higher food and fuel prices, official data released on Friday showed. Food price inflation as measured by the Consumer Food Price Index (CFPI) accelerated to 3.87% last month, from 1.96% in January. While the prices of oils and fats surged 20.8% from a year earlier, those of pulses and products climbed 12.5%, while meat and fish prices increased 11.3%, eggs (11.1%) and fruits (6.28%).
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