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India Feb inflation 7 percent, rate cut unlikely

India Feb inflation 7 percent, rate cut unlikely

India says February inflation was nearly 7 percent due to rising food and fuel costs.
Economists say Wednesday's number is likely to discourage the central bank from cutting interest rates at its next meeting this week, despite India's anemic economic growth.
Prices of manufactured products were 5.8 percent higher than last February. Fuel and power costs rose 12.8 percent and the cost of food rose 6.1 percent.


Updated : 2021-10-18 17:43 GMT+08:00