Retail inflation rises to five.03% in February

Image Source : PTI Retail inflation rises to five.03% in February
Retail inflation rose to five.03 per cent in February primarily on account of upper meals costs, authorities knowledge confirmed on Friday. The shopper worth index (CPI) based mostly retail inflation was at 4.06 per cent in January.
The price of worth rise within the meals basket accelerated to three.87 per cent in February, as towards 1.89 per cent within the previous month, as per knowledge launched by the National Statistical Office (NSO).

Inflation in ‘gasoline and lightweight’ class remained elevated at 3.53 per cent in the course of the month vis-a-vis 3.87 per cent in January.
The Reserve Bank, which primarily elements within the retail inflation whereas arriving at its financial coverage, has been requested to maintain CPI inflation at 4 per cent with a margin of two per cent on both facet. 
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