Retail inflation sees marginal fall to 6.44% in February 2023

Food inflation also slid to 5.95 per cent in February 2023 compared to 6 per cent in January. Consumer price index (CPI) based inflation had touched 6.52 per cent in January 2023, which was a three-month high owing to higher food prices. However retail inflation was 6.07 per cent in February 2022, and therefore CPI-based inflation in February 2023, at 6.44 per cent, was higher compared to the year-ago period.

Retail inflation for February 2023 fell marginally to 6.44 per cent compared to 6.52 per cent in January 2023 as commodity prices witnessed a slight slide.

Food inflation also slid to 5.95 per cent in February 2023 compared to 6 per cent in January.

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Consumer price index (CPI) based inflation had touched 6.52 per cent in January 2023, which was a three-month high owing to higher food prices.

However retail inflation was 6.07 per cent in February 2022, and therefore CPI-based inflation in February 2023, at 6.44 per cent, was higher compared to the year-ago period.

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Also read | Retail inflation at 6.5% in January, worrisome, shocker: Economists

The marginal fall in retail inflation in February 2023 was mainly due to reduction in prices of meat and fish, egg, vegetables, pulses, and sugar.

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At the same time though, prices of fruits, clothing and footwear, education, transportation, health and household goods went up in February 2023 compared to January 2023.

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