After rising for five straight months, retail inflation fell to a 3-month low of 5.18 percent in February. Retail inflation had stood at 5.69 per cent in January. Retail food inflation softened to 5.3 percent in February, from 6.85 percent in January, government data showed. Retail inflation in cereals and products dipped marginally to 2.18 percent in February, and inflation in pulses and products dropped to 38.3 percent.Meanwhile, Wholesale Price Index-based inflation remained in the negative zone for the 16th straight month, at minus 0.91 per cent in February. Wholesale food inflation fell to 3.35 per cent in February, while in manufactured products it stood at minus 0.58 per cent. The Reserve Bank Of India considers mainly retail inflation data in formulating it monetary policy.
News On AIR | March 14, 2016 9:06 PM
Centre seeks reports from states about damage of crops following recent rainfall and hailstorm