India's consumer price inflation (CPI)-based inflation eased marginally to 6.44 per cent in February, data released by the Ministry of Statistics and Programme Implementation showed. This is lower than 6.52 per cent in January but still above the Reserve Bank of India's (RBI) upper tolerance limit of 6 per cent.
The rural inflation was 6.72 per cent and urban inflation was 6.10 per cent. The combined food inflation was also near 6 per cent limit at 5.95 per cent. It was 6 per cent in January.
On Sunday, Reserve Bank of India (RBI) Monetary Policy Committee (MPC) member Ashima Goyal said that Inflation in India is expected to come down over the year. She added that the government's supply-side action coordinated with