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Retail inflation at 4-month low of 4.44% on cheaper food, fuel

The rate of price rise in the consumer food segment was lower at 3.26% in February, as against 4.7% in the previous month. File   | Photo Credit: Reuters

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However, it was 3.65% in February 2017.

Retail inflation fell to a 4-month low of 4.44% in February on cheaper food articles and lower cost for fuel.

Retail inflation, based on Consumer Price Index (CPI), was at 5.07% in January.

In February 2017, however, it was 3.65%.

It was 4.88% in November last year.

Data released by the Central Statistics Office (CSO) showed that the rate of price rise in the consumer food segment was lower at 3.26% in February, as against 4.7% in the previous month.

Inflation in vegetables was 17.57% last month, down from 26.97% in January, and for fruits it was 4.80% (as against 6.24%).

Milk and its products too were less expensive with inflation print of 4.21%, cereals and products at 2.10%, meat & fish at 3.31% while for eggs the prices grew at a slower pace of 8.51%.

Inflation for the fuel and light category was at 6.80% in February (against 7.73% in January). However, the rate of price increase was higher for transport and communication services at 2.39% (1.97% January).

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Printable version | Mar 12, 2018 8:38:56 PM | http://www.thehindu.com/business/Economy/retail-inflation-at-4-month-low-of-444-on-cheaper-food-fuel/article23130018.ece