Explorer

India's Retail Inflation Rises To 5.03% In Feb, IIP Contracts 1.6% In Jan: NSO

The rate of price rise in the food basket accelerated to 3.87 per cent in February, as against 1.89 per cent in the preceding month.

New Delhi: The country's retail inflation which is caculated by Consumer Price Index (CPI) rose to 5.03 per cent in the month of February on account of higher food prices, government data showed on Friday.

The data also revealed that India’s factory output which is measured in terms of the Index of Industrial Production (IIP) witnessed a contraction of 1.6 per cent in January. 

The retail inflation for the month of January 2021 was 4.06 per cent.

The rate of price rise in the food basket accelerated to 3.87 per cent in February, as against 1.89 per cent in the preceding month, as per data released by the National Statistical Office (NSO).

The datat also highlighted that inflation in 'fuel and light' category remained elevated at 3.53 per cent during the month vis-a-vis 3.87 per cent in January.

ALSO READ | Google Seeks Taxes From YouTube Creators Outside US

The Reserve Bank of India (RBI), which mainly factors in the retail inflation while arriving at its monetary policy, has been asked to keep CPI inflation at 4 per cent with a margin of 2 per cent on either side.

This is the third consecutive month that the CPI data has come within the central bank's upper margin of 6 per cent.

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headlines

Elections 2024: Maharashtra, Jharkhand Brace For Results Tomorrow In Mahayuti Vs MVA, INDIA Vs NDA Battles
Maharashtra, Jharkhand Brace For Poll Results Tomorrow In Mahayuti Vs MVA, INDIA Vs NDA Battles
Delhi Pollution: AQI Drops To 'Severe' Again; Gopal Rai Urges Action Post SC Criticism On GRAP Enforcement
Delhi Pollution: AQI Drops To 'Severe' Again; Gopal Rai Urges Action Post SC Criticism On GRAP Enforcement
Manipur Crisis: Govt To Deploy 90 More CAPF Companies, 258 Dead In Clashes Since May 2023, Security Advisor Says
Manipur Crisis: Govt To Deploy 90 More CAPF Companies, 258 Dead In Clashes Since May 2023
Jharkhand Election Results: Hemant Soren To Champai Soren — Battles Of Prestige And Revenge To Watch Out For
Hemant Soren To Champai Soren — Battles Of Families, Prestige & Revenge In J'khand Polls
Advertisement
ABP Premium

Videos

What will happen in the Maharashtra & Jharkhand Election Result 2024? | ABP NewsDelhi News: 'Rewadi Samvad Abhiyan launched' Cabinet Minister Imran Hussain says he will go amidst the publicBreaking News: Big news related to Maharashtra cash scandal | Vinod Tawde | BJP | Congress | ABP NewsUP Bypolls: Akhilesh gets angry as inspector points a pistol at him, makes a big revelation | ABP News

Photo Gallery

Embed widget