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CPI Inflation India: February 2022 CPI Continues To Be Above RBI's Upper Limit

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The CPI or Consumer Price Index (CPI) which is taken into account by the country's RBI for its monetary policy take and maintaining price stability data has come out today. For February 2022 CPI remains at 6.07% in February 2022, much above the RBI's target level.

 
CPI Inflation India: February 2022 CPI Continues To Be Above RBI's Upper Limit

The index measures the change in the goods and services price on the retail from i.e from consumer's perspective.

So as this weighs on the Indian currency and is higher than the forecast value, the Indian rupee on Tuesday will be seen under pressure. Further it might propel the central bank to take a rate hike decision which has been deferred for so long to provide support to the recovering economy from the Covid led drop down.

The highest inflation is recorded in the oil and fats segment given the supply in the space due to the geo-political crisis.

So, as the inflation seems far from receding given the current global geopolitical crisis, RBI will be in a dilemma to bring up rate hikes in the forthcoming MPC outcome.

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