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Retail inflation eases in February, RBI may cut rates

BI India BureauMar 14, 2016, 21:15 IST

This is good news for the Indian economy. The retail inflation has eased last month as food prices rose at a much slower pace than expected. The Wholesale Price Index (WPI) remained in a negative territory, thus giving the RBI an opportunity to cut rates next month.

According to a PTI report, the CPI or retail inflation rose to 5.18% in February as against 5.69% in January. “The WPI-based inflation also declined for the month. It was (-)0.91%, led by tumbling oil prices, according to data released by Ministry of Commerce and Industry. It was (-)0.9% in January,” said the report.