Retail inflation inches close to 11 pc

Showing no signs of let-up, India’s retail inflation moved closer to 11 per cent in February, mainly as a result of higher food prices. The consumer price inflation
(CPI) remained in double digit for the third consecutive month.

 In urban areas, retail inflation rose to 10.84 per cent in February from 10.73 per cent in January. The CPI for rural population increased to 11.01 per cent, up from 10.88 per cent in January.

 After vegetable prices, the highest upward movement was seen in prices of cereals, which rose over 17 per cent. Egg, meat and fish became costlier by 15.72 per cent during the month.


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