Reduction in retail inflation: The common people of the country have got some relief on the retail inflation. The latest retail inflation rate released by the government has come down from 4 percent to 3.61 percent in February. The main reason for the decline in retail inflation in February is the increase in prices of vegetables and protein -rich goods. This has created scope for the Reserve Bank of India for the second time for the second time in interest rates. This decline in February is only the third time in the current financial year when the inflation rate has come below 4 percent. This figure of inflation is MC of economists. The pole was lower than the average, with inflation estimated to be 3.8 percent. According to the data, food inflation has also fallen below 6 percent for the first time since September 2024.
What has been the trend of food inflation?
According to the news, retail inflation based on the consumer price index was 4.26 percent in January and 5.09 percent in February 2024. The data released by the National Statistics Office (NSO) suggests that the annual inflation rate for February 2025 was 3.75 percent. Food inflation has seen a rapid decline of 222 basis points in February 2025, compared to January 2025.
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According to the latest CSO data, the food inflation in February 2025 is the lowest since May 2023. The CSO stated that significant decline in core inflation and food inflation during February was mainly due to inflation in vegetables, eggs, meat and fish, pulses and yield; And the reason for this is a decrease in inflation of milk and products made from it.
Rates may decrease on 9 April
The Reserve Bank of India (RBI), which has been entrusted with the responsibility of maintaining retail inflation at 4 percent (+/- 2 percent), cut 25 basis points in the short-term lending rate (repo) last month to reduce concerns on the inflation front. The central bank will announce its next bi -monthly monetary policy on 9 April.
