Key Points
India's CPI inflation remained stable at 5.1% in February, with food inflation rising slightly but offset by a slowdown in core and fuel inflation...
Indias benchmark inflation number, as measured by the Consumer Price Index (CPI), remained flat between January and February..
The headline retail inflation number came in at 5.09% in February compared to the 5.1% print for January 2024..
The January and February CPI prints, when read with the recent reduction of 100 in LPG cylinder prices -- this will show up in the March inflation numbers -- mean that CPI will be close to the RBIs forecast of 5% for the quarter ending March 2024..
While the overall CPI number is still above RBIs target of 4%, core inflation, which measures the non-food and non-fuel part of the CPI basket, fell to 3.37%, according to the Centre for Monitoring Indian Economy (CMIE) database..
