Higher cost of food items, as well as manufactured goods like clothing and footwear, kept India's February 2022 retail inflation above the six-per cent-mark on a sequential as well as on a year-on-year basis. As per the data furnished by the National Statistical Office on Monday, the Consumer Price Index (CPI) rose to 6.07 per cent last month from 6.01 per cent in January 2022.
Similarly, on a YoY basis, last month's retail inflation rose at a faster rate than the 5.03 per cent increase in prices recorded for February 2021. The trend assumes significance as retail inflation rate remained above the target range of the Reserve Bank of India, which has a CPI target range of 2-to-6 per cent.
As per the NSO data, the rate of rise in the Consumer Food Price Index, which measures the changes in retail prices of food products, increased to 5.85 per cent last month from 5.43 per cent in February 2021.