Retail inflation based on the Consumer Price Index (CPI) stood at 4.06% in January.
Retail inflation rose to 5.03% in February, mainly due to higher food prices, government data showed on Friday.
Retail inflation based on the Consumer Price Index (CPI) stood at 4.06% in January.
According to data released by the National Statistics Office (NSO), the rate of price rise in the food basket increased to 3.87% in February from 1.89% in the previous month.
Inflation in the ‘fuel and light’ category rose 3.53% during the month to 3.87% in January.
The Reserve Bank, which is primarily a factor of retail inflation during its monetary policy, has been asked to keep CPI inflation at 4 percent, with a margin of 2% on either side.
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