Retail inflation in India rises to 6.07% in February

Retail inflation, which has been on the rise since September last year, touched 6.07 per cent in February this year, according to government data on Monday.

The annual Consumer Price Index (CPI) retail inflation rate in India in February, 2022 touched 6.07 per cent, according to the data released by the National Statistical Office (NSO) on Monday.

Retail inflation, which has been on the rise since September last year, reached 6.01 per cent in January this year.

Retail inflation tracked by the Consumer Price Index (CPI) measures the changes in prices from a retail buyer's perspective.

Wholesale inflation, tracked by the Wholesale Price Index (WPI), measures inflation at the level of producers.

Meanwhile, India's annual wholesale price-based inflation accelerated to 13.11 per cent in February from the previous month's 12.96 per cent, government data showed on Monday.

Meanwhile, India's exports rose 25.1 per cent to USD 34.57 billion in February on account of healthy growth in sectors like engineering, petroleum and chemicals, even as the trade deficit widened to USD 20.88 billion, according to data released by the commerce ministry on Monday, according to a PTI report.

Imports during the month too jumped 36 per cent to USD 55.45 billion, with inbound shipments of petroleum and crude oil surging 69 per cent to USD 15.28 billion. Trade deficit -- the difference between imports and exports -- stood at USD 13.12 billion in February 2021, the PTI report said.