Retail inflation rises to 5.03% in Feb as food, fuel prices soar
Inflation in food basket, measured by Consumer Food Price Index (CFPI), increased to 3.87 per cent last month, as compared to 1.96 per cent in January, government data showed
BusinessToday.In | March 12, 2021 | Updated 18:51 IST
Retail Inflation moved upwards after cooling down for past two months
After cooling off for two months, retail inflation inched up once again in February. As food and fuel prices rose during the month under review, consumer price inflation, calculated on the basis of Consumer Price Index (CPI), rose to 5.03 per cent, showed data released by Ministry of Statistics and Programme Implementation on Friday. Retail inflation in January stood at 4.06 per cent.
The industrial output in India declined in January, led by a slump in manufacturing and mining activities.Data released by the Ministry of Statistics and Programme Implementation on Friday showed that the Index of Industrial Production (IIP) .
Retail inflation was 6.93% in Nov 2020; food inflation declined to 3.41% in Dec in 2020, compared to 9.5% in the previous month.Manufacturing sector output shrank by 1.7% in Nov 2020, while mining output shrank 7.3%