Retail inflation rises to 6.07% in February – Times of India


NEW DELHI: Retail inflation based on consumer price index (CPI) inched up to 6.07 per cent in February, data released by government showed on Monday.
The inflation figure for the month of January stood at 6.01 per cent.
According to the data released by the National Statistical Office (NSO), the rate of price rise in the food basket was 5.89 per cent in February, up from 5.43 per in the preceding month.
The Reserve Bank of India (RBI) mainly factors in retail inflation while arriving at its bi-monthly policy.
Reserve Bank’s monetary policy committee (MPC) has been tasked by the government to tame retail inflation based on consumer price index (CPI) at 4 per cent (+,-2 per cent).
This month too the inflation figure remained above the upper limit of RBI’s targeted range.


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