India, March 12 -- India's retail inflation eased to 3.61% in February 2025, primarily due to a decline in vegetable and protein-rich food prices, according to data released by the National Statistics Office (NSO). This decline could create room for the Reserve Bank of India (RBI) to consider a second consecutive interest rate cut next month.
Retail inflation, measured by the Consumer Price Index (CPI), was 4.26% in January 2025 and 5.09% in February 2024. The year-on-year inflation rate for February 2025 stood at 3.75%.
The NSO noted a sharp 222 basis point drop in food inflation from January to February, marking the lowest level since May 2023. The decline was mainly attributed to falling prices of vegetables, eggs, meat, fish, pulses, ...