Inflation likely slipped in Feb but will rebound soon: Economists poll

Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists who still warned that surging oil prices will push inflation much higher in future

Indian retail inflation likely slipped marginally in February, thanks to lower food prices, according to economists in a Reuters poll who still warned that surging oil prices will push inflation much higher in the coming months.
 

Following Russia's invasion of Ukraine, crude oil prices have skyrocketed - in March alone, they have surged about 35% - which will in turn push up fuel, transport and other related components of inflation this month.

Inflation, as measured by the consumer price index (CPI), likely slipped to 5.93% in February on an annual basis, from 6.01% in January, the March 3-9 poll of