Retail inflation gathered pace in February on the back of rising prices of some food products, reversing the declining trend after seven months, which may prompt the Reserve Bank of India (RBI) to hold interest rates when it reviews monetary policy in April. Data released by the Central Statistics Office (CSO) on Tuesday showed retail inflation as measured by the consumer price index rose an annual 3.65% in February, faster than previous month’s 3.17% rise, which was the slowest pace in more than five years.
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