Retail inflation came down to 2.26% in February. WPI Inflation stood at 3.1% in January. News agency ANI has tweeted in this context. In February last year, retail inflation stood at 2.93%. According to the data released by the government, wholesale inflation has come down mainly due to food items being cheaper in February as compared to January.

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According to the retail inflation (CPI) data released last week, the CPI in the country stood at 6.58% in February. Retail inflation in February was almost 1% less than 7.59%  in January. The February data has been better than many economists have estimated. The data related to inflation has come at a time when the RBI may review the key policy rates in its bi-monthly monetary policy review early next month.

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It is noteworthy that in the bi-monthly meeting held in February, the central bank had decided to keep the repo rate unchanged in view of the inflation rate. RBI has targeted to limit retail inflation to 4%. The central bank takes into account inflation figures while deciding its monetary policy.

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