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With growing food and fuel prices, India s retail inflation increased in February as the Consumer Price Index rose to 5.03 per cent against 4.06 per cent in January.
The consumer food price index was at 3.87 per cent in February, in a steep rise from 1.96 per cent a month ago, showed data from the Ministry of Statistics & Programme Implementation.
The latest data gains significance as the February CPI is the last CPI inflation print before the RBI s monetary policy review.
The combined inflation rate for food and beverages was at 4.25 per cent and that of pan, tobacco and intoxicants was at 10.70 per cent in February 2021.
India s retail or consumer price inflation rose to 5.03% in February, data released by the Ministry of Statistics & Programme Implementation (MOSPI) showed on Friday. This marked a sharp jump compared to a final reading of 4.06% in January.
The retail inflation in food prices as measured by consumer food price index almost doubled to 3.87% in February as compared to 1.96% in the previous month. The overall inflation rate stayed within the Reserve Bank Of India s target of 2-6% for the third consecutive month.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
India’s retail inflation increases in February on growing prices
12 Mar 2021 A roadside vendor sells eatables during the Shivarathri festival on the outskirts of Bangalore on Thursday. Agence-France-Presse
With growing food and fuel prices, India’s retail inflation increased in February as the Consumer Price Index rose to 5.03 per cent against 4.06 per cent in January.
The consumer food price index was at 3.87 per cent in February, in a steep rise from 1.96 per cent a month ago, showed data from the Ministry of Statistics & Programme Implementation.
The latest data gains significance as the February CPI is the last CPI inflation print before the RBI’s monetary policy review.
Retail inflation rises in February to 5 03% prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
The Index of Industrial Production (IIP) saw a contraction of 1.9% for November 2020, reverting back to the declining territory after rising in the previous two months, data released by the Ministry of Statistics & Programme Implementation (MOSPI) showed on Tuesday.
For November, IIP with base 2011-12 stands at 126.3, the Ministry s data showed. IIP for mining, manufacturing and electricity sectors for the same month stand at 104.5, 128.4 and 144.8, respectively.
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