Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month, due to the deceleration of prices in all categories except food.
Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December.
According to the provisional figures provided by the NSO, the retail inflation, based on the Consumer Price Index (General), stood at 5.09 per cent in February 2024.
The inflation data--both for retail and wholesale--set to be released this week will be on investors' radar for fresh cues. Retail inflation data will be released later in the day today.
Indian stock indices started Tuesday's session marginally in the green, bucking the trend from the previous session where they declined substantially due to profit booking and volatile global markets.
Retail inflation in India declined to 5.10 per cent in January due to an easing in food prices, according to the data released by the government on Monday
Indian stock indices started fresh week marginally higher, extending gains from the past week, with investors eyeing retail inflation data for January to be released later in the day.
Addressing concerns regarding inflation, Sitharaman highlighted a decline in retail inflation, which dropped from an average of 6.8 percent in April-December 2022 to 5.5 percent during the corresponding period in 2023. She noted that retail inflation had stabilized within the notified tol
Once the CPI comes under control for fruits, vegetables, spices, and cereals, headline inflation is expected to drastically reduce to come near the mid-point of the RBI inflation target of 4 per cent, said SBI Research in a report.