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Inflation soars to 3.65 per cent in February

ANI  |  New Delhi [India] 

Retail rose to a four-month high of 3.65 per cent in February this year, mainly due to an increase in the prices of food items.

measured in terms of the Consumer Price Index had stood at 3.17 per cent in January this year. Retail was 5.26 per cent in February last year.

According to data released by the Central Statistics Office, retail in food items rose to 2.01 per cent in February, from 0.61 per cent in January.

But prices of vegetables declined by 8.29 percent and of pulses by 9.02 per cent.

The increase in prices may weaken the case for an immediate cut by the RBI, which had kept lending rates unchanged at the last review in February, citing risks to

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, March 15 2017. 07:07 IST