Retail inflation hits 8-month high in February, inches up to 6.07%

WPI inflation rises to 13.11%

India’s retail inflation rate inched up to an eight-month high in February, remaining above the upper limit of the central bank’s comfort level of 6 per cent for the second consecutive month, while the wholesale price inflation rate remained in double digits for the eleventh consecutive month. This may make inflationary management challenging amid rising risks to growth in Asia’s third-largest economy.

The data released by the statistics department showed that the consumer price index (CPI)-based inflation rate rose to 6.07 per cent in February from 6.01 per cent in the previous month, driven by food and beverages, clothing and footwear,