Retail Inflation Rises Further To 6.07% In February, Above RBI's Target Band
NDTV
Retail inflation rose further in February to 6.07 per cent annually, indicating price pressures above the RBI's top end of the target range band.
India's retail inflation rose further in February to 6.07 per cent from a year ago, up also from 6.01 per cent in January, remaining above the tolerance limit of the central bank for a second month in a row, government data released on Monday showed.
A Reuters poll of economists had predicted annual inflation to touch 5.93%, a shade lower than the upper limit of the Reserve Bank of India's 2 per cent to 6 percent target band.
The government data released earlier on Monday showed, wholesale price-based inflation (WPI) accelerated to 13.11 per cent in February from a year ago, compared to 12.96 per cent in the previous month.
That was largely driven by higher fuel prices, up 31.50 per cent year-on-year, versus 32.27 per cent in January.
