new Delhi: retail inflation The consumer price index (CPI) based on February rose to 6.07 per cent, showed data released by the government on Monday.
Inflation in the month of January stood at 6.01 percent.
According to data released by the National Statistical Office (NSO), the rate of increase in prices in the food basket was 5.89 per cent in February, from 5.43 per cent in the previous month.
The Reserve Bank of India (RBI) primarily factors in retail inflation while arriving at its bi-monthly policy.
The Reserve Bank’s Monetary Policy Committee (MPC) has been tasked by the government to control retail inflation based on the Consumer Price Index (CPI) to 4 per cent (+,-2 per cent).
This month too, the inflation data remained above the upper limit of the RBI’s target limit.
Inflation in the month of January stood at 6.01 percent.
According to data released by the National Statistical Office (NSO), the rate of increase in prices in the food basket was 5.89 per cent in February, from 5.43 per cent in the previous month.
The Reserve Bank of India (RBI) primarily factors in retail inflation while arriving at its bi-monthly policy.
The Reserve Bank’s Monetary Policy Committee (MPC) has been tasked by the government to control retail inflation based on the Consumer Price Index (CPI) to 4 per cent (+,-2 per cent).
This month too, the inflation data remained above the upper limit of the RBI’s target limit.