: Retail inflation declined to 6.58% in February, government data shows #IndiaNEWS Retail inflation in February declined to 6.58%, government data released on Thursday showed. In January, consumer price

Retail inflation declined to 6.58% in February, government data shows #IndiaNEWS
Retail inflation in February declined to 6.58%, government data released on Thursday showed. In January, consumer price inflation had touched 7.59%, the highest in nearly six years. Retail inflation in urban areas stood at 6.57% in February, compared to 6.67% in rural areas. Both these rates were lower than the 7.39% and 7.73% recorded in January.Consumer food price inflation fell from 13.63% in January to 10.81% in February. In rural areas, it stood at 10.37%, and in urban areas at 11.51%.Prices of vegetables rose by 38.07% in urban areas and 28.28% in rural areas in February, with a combined retail inflation rate of 31.61%. The prices of pulses and products rose by 16.43% in urban areas and 16.71% in rural areas, for an aggregate of 16.61%.On the other hand, the prices of footwear rose by just 1.43% and those of clothing by 2.10% in February. Among states, prices in Telangana rose the most, at 8.94%, and those in Delhi the least, at 3.46%.Industrial outputIndiaÃ¢Â€Â™s industrial output grew by 2% in January over the same month in 2019, the government said on Thursday. As many as 11 out of the 23 groups showed positive growth, while 12 showed negative growth. In December last year, industrial production declined by 0.3%.The industrial group Ã¢Â€Âœmanufacture of tobacco productsÃ¢Â€?...Read more

Stock Market NEWS Best intraday tips Intraday Stocks below 100