India’s consumer price inflation (CPI) remained unchanged at 5.09 per cent in February 2024, compared to 5.1 per cent in January, as food inflation surged higher and inflation across all other sub-groups eased in Feb 2024, indicating that the momentum in the non-food items continued to track a welcome moderation, as per Government data on Tuesday.
“Pricey food led to sticky headline inflation,” observes Dharmakirti Joshi, Chief Economist, CRISIL.