CURRENT RETAIL INFLATION RATE

 

Retail inflation rises to 8-month-high 6.07%


Our country's annual retail inflation raised to an 8 month high of 6.07% in February on higher food prices,  by the statistics ministry  on Monday. Wholesale prices also rose by 13.11% in February, the first increase in three months.

The retail inflation rate in our country - measured by the Consumer Price Index (CPI)- came in at 6.07% in February 2022, as per data released by the National Statistical Office (NSO) on Friday.

 A Reuters poll of 36 economists had forecast that the reading had likely slipped to 5.93% in February on an annual basis.

Inflation rates in India are usually quoted as changes in the Wholesale Price Index (WPI), for all commodities.

 Many developing countries use changes in the consumer price index (CPI) as their central measure of inflation. In India, CPI (combined) is declared as the new standard for measuring inflation (April 2014).

The Wholesale Price Index (WPI) reflects changes in the average prices of goods at the wholesale level — that is, commodities sold in bulk and traded between businesses or entities rather than goods bought by consumers.

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