According to information made public by the Ministry of Statistics and Programme Implementation (MoSPI) on Monday, India’s Consumer Price Index (CPI), also known as retail inflation, eased to 6.44 % in February and continued to exceed the Reserve Bank of India’s (RBI) tolerance level for the 2nd consecutive month.
For the 2nd month in a row, the CPI inflation rate exceeded the RBI’s tolerance range of 2% to 6%. Retail inflation reached a three-month high at 6.52 % in January.
Inflation with in food basket in february stayed at 5.95%, up from 5.94% in January. Almost 40% of the bundle of Consumer Price Index (CPI) is made up of food prices.