NEW DELHI: Retail inflation based on consumer price index (CPI) fell to 6.58 per cent in February from 7.59 per cent in January, data released by the government on Thursday showed.
In terms of year-on-year basis, the inflation number stood at 2.57 per cent in February 2019.
The inflation number had jumped to a 68-month high of 7.59 per cent last month.
The fall in retail inflation was witnessed likely due to moderating food prices, but remained above the Reserve Bank of India’s (RBI’s) target of 4 per cent.
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Retail inflation dips to 6.58% in February from 7.59% in January; factory output grows by 2% in January
Byindianadmin
Mar 12, 2020