Retail inflation rose to four-month high of 2.57 per cent in February this year, mainly driven by higher food prices. According to the data released by Ministry of Statistics and Programme Implementation, the retail inflation based on Consumer Price Index (CPI) stood at 1.97 per cent in January this year and 4.44 per cent in February last year.
Food inflation based on CPI, however, was in negative at 0.66 per cent. The latest print is higher than minus 2.24 per cent in January this year. The earlier lowest inflation was 2.33 per cent in November last year.