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India s retail or consumer price inflation rose to 5.03% in February, data released by the Ministry of Statistics & Programme Implementation (MOSPI) showed on Friday. This marked a sharp jump compared to a final reading of 4.06% in January.
The retail inflation in food prices as measured by consumer food price index almost doubled to 3.87% in February as compared to 1.96% in the previous month. The overall inflation rate stayed within the Reserve Bank Of India s target of 2-6% for the third consecutive month.
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