MUMBAI (Reuters) - India's annual consumer price inflation accelerated a stronger-than-expected 3.65 percent in February, mainly driven by food prices, after touching its lowest level in at least five years in January, government data showed on Tuesday.
Economists polled by Reuters had expected last month's annual retail inflation to come in at 3.58 percent, compared with 3.17 percent in January.
COMMENTARY
INDRANIL PAN, GROUP ECONOMIST, IDFC BANK, MUMBAI
"We are now at the floor of CPI. The higher wholesale price inflation will gradually get reflected in CPI. Hence we don't see any (RBI) rate movement for the foreseeable future."
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(Reporting by Suvashree Dey Choudhury; Compiled by Rafael Nam)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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