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Anand Rathi Report
India’s February 2024 consumer price index inflation was steady at 5.1%, a fraction lower than that in January, in line with our 5.07% estimate.
While, driven by a rise in prices of vegetables, food prices rose slightly, the decline in other components of the CPI basket kept inflation unchanged.
Core inflation continued to fall in Feb-24, slipping below the 4% mark. The slowdown was largely due to the drop in housing and healthcare inflation. The cumulative impact of rate cuts and weak personal demand likely drove deceleration in the core.
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