New Delhi, March 12 -- Inflation based on the Consumer Price Index (CPI) rose to 3.2 per cent in February from 2.7 pc in January as food inflation continued to normalise, said Dipti Deshpande, Principal Economist of Crisil Ltd, here today.
In February food inflation increased to 3.5pc (versus 2.1pc previously) driven by vegetables, ready-made food, fruits, nuts, oils and fats.
Core inflation (excluding food and beverages, electricity, gas and other fuels) was broadly steady at 3.4pc in February.
"We expect CPI inflation to rise to 4.3pc on average in fiscal 2027. While food prices are expected to remain benign, assuming a normal monsoon, food inflation is likely to continue normalising this fiscal lows," she said.
"We expect crude price...