Retail inflation dips to 4.44% in February

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Retail inflation dips to 4.44% in February

India’s retail inflation eased to 4.44 per cent in February from 5.07 in January, according to data released by the Central Statistics Office (CSO) today. The ease in the inflation number was mostly driven by lower food prices. However, the figure remains higher than the 4 per cent target of the Reserve Bank of India. In another set of data released by the CSO, the industrial production expanded by 7.5 pc in January compared to 3.5 pc in the same month last year. The factory production was recorded marginally over the 7.1 per cent in December 2017. 'The General Index for the month of January 2018 stands at 132.3, which is 7.5 per cent higher as compared to the level in the month of January 2017,' a CSO release said. The cumulative Index of Industrial Production (IIP) growth for the April-January period of the current fiscal over the corresponding period of the previous year stood at 4.1 per cent, the CSO said.