Retail inflation quickens to 6.07 pc in Feb; remains above RBI's comfort zone
Zee News
The Consumer Price Index (CPI) based retail inflation was 5.03 per cent in February 2021 and 6.01 per cent in January this year.
New Delhi: Retail inflation inched up to an eight-month high of 6.07 per cent in February, remaining above the RBI's comfort level for the second month in a row, mainly on account of a rise in food prices, official data showed on Monday.
The Consumer Price Index (CPI) based retail inflation was 5.03 per cent in February 2021 and 6.01 per cent in January this year. The previous high was 6.26 per cent in June 2021.
The Reserve Bank of India (RBI) has been asked by the government to ensure that the CPI inflation remains at 4 per cent with a margin of 2 per cent on either side.
Another set of data released by the government earlier in the day showed that the Wholesale Price Index (WPI) based inflation in February rose to 13.11 per cent on hardening of prices of crude oil and non-food items, even though food articles softened.
According to the CPI data released by the National Statistical Office (NSO), the rate of price rise in the food basket was 5.89 per cent in February, up from 5.43 per in the preceding month.
