Retail inflation declined marginally to 5.09 percent in February

However, according to experts, there is unlikely to be any change in monetary policy in the central bank's April meeting as the domestic economy remains strong and inflation remains above the target of 4 per cent. CPI Inflation Retail Inflation News and Updates What you need to know about February Retail Inflation

The retail inflation rate has come down to 5.09 in January 2024. This is the lowest level in the last four months. The inflation rate in January was 5.1 percent. Retail inflation rate in December stood at 5.69%. Consumer Price Index (CPI) based on retail inflation stood at 5.69% in December 2023. In January 2023, this figure was 6.52%. Retail inflation reached a record high of 6.83% in August 2023.

Inflation based on Consumer Price Index (CPI) stood at 5.1 percent in January and 6.44 percent in February 2023. The National Statistical Office (NSO) has released these figures. It said retail inflation in February was 8.66 percent, slightly higher than 8.3 percent in the previous month. Last month, the central bank had estimated CPI inflation at 5.4 per cent for the current financial year (2023-24) and 5 per cent in the January-March quarter.

However, according to experts, there is unlikely to be any change in monetary policy in the central bank's April meeting as the domestic economy remains strong and inflation remains above the target of 4 per cent.

Industrial production increased by 3.8 percent

Meanwhile, the National Statistics Office has also released new data related to industrial production. It says that India's industrial production has increased by 3.8 percent in January 2024.

According to data released by the National Statistical Office (NSO), manufacturing sector output grew by 3.2 percent in January 2024. In January-2023 it was 4.5 percent. It has been told that in January this year, mining production has increased by 5.9 percent and electricity production has increased by 5.6 percent. According to the data released by NSO, the industrial production index increased by 5.9 percent during April 2023 to January 2024.