India’s retail inflation rises marginally to 6.07% in Feb


Focusing on growth, not inflation, the Reserve Bank of India has held its interest rates steady at record lows for nearly two years

Topics


retail inflation


BS Web Team  | 
New Delhi 


Inflation

People buy vegetables in a market, in Bikaner (Photo: PTI)

India’s retail inflation rose marginally in February to 6.07%, thus staying above the upper limit of RBI’s tolerance band, showed government data on Monday.

Inflation, as measured by the consumer price index (CPI), rose to 6.07% in February on an annual basis, from 6.01% in January and 5.03% in February 2021.

Asia’s third-largest economy expanded 5.4% in the October-December quarter, slower than the 6% predicted by economists in a separate Reuters poll.

Focusing on growth, not inflation, the Reserve Bank of India has held its interest rates steady at record lows for nearly two years but is due to increase borrowing costs next quarter.

Industrial production expanded by 1.3% in January on an annual basis, mainly on account of improved performance of mining and manufacturing sectors, official data showed on Friday.

The Index of Industrial Production (IIP) had contracted by 0.6 per cent in January 2021.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, March 14 2022. 17:34 IST