Retail inflation falls to 6.58% in February as food prices cool down

The latest numbers could increase the clamour for a rate cut by RBI's Monetary Policy Committee in its next meeting in April

Retail inflation based on the Consumer Price Index (CPI) eased to 6.58 per cent in February, from a 68-month high of 7.59 per cent in January, primarily on the back of lower prices of fruits and vegetables, official data showed on Thursday.

The latest numbers could increase the clamour for a rate cut by the Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) in its next meeting in April. The government hopes a cut will inject some confidence into the system and boost growth during the time of a global coronavirus pandemic and crashing crude prices, and troubles in the