Inflation & Prices
India Inflation Seen Staying Above RBI’s Target in February
- Barclays economist keeps view of April RBI hike despite SVB
- An RBI hike next month to take key rate to highest since 2016
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India’s retail inflation probably breached the central bank’s target for a second straight month in February, which may prompt the monetary authority to weigh an increase in borrowing costs to the highest level in seven years.
Consumer prices rose 6.40% last month from a year earlier, according to the median estimate in a Bloomberg survey of economists ahead of data due Monday at 5:30 p.m. local time. That would be slower than 6.52% in January but still above the comfort level of the Reserve Bank of India, which aims to bring inflation closer to the mid-point of its 2%-6% target.