The wholesale price-based inflation rose for the second consecutive month in February to 4.17 per cent, as meals, gas and energy costs spiked. The WPI inflation was 2.03 per cent in January and a couple of.26 per cent in February final yr.
After witnessing months of softening of costs, the meals articles in February noticed 1.36 per cent inflation. In January it was (-) 2.80 per cent.
In greens, the speed of price rise was (-) 2.90 per cent in February, in opposition to (-) 20.82 per cent in January.
Inflation in pulses was 10.25 per cent in February, whereas it fruits it was 9.48 per cent, and in gas and energy basket it was 0.58 per cent.
The RBI in its financial coverage final month saved rates of interest unchanged for the fourth consecutive assembly and mentioned that the near-term inflation outlook has turned beneficial.
Retail inflation, primarily based on the buyer price index, was at 5.03 per cent in February, knowledge launched final week confirmed.
(With PTI inputs)
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