Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 4.2 per cent in February 2021 from 3.7 per cent in January 2021.
This was mainly driven by the monthly increase in prices of items in the Food category. Accordingly, Food inflation (Y-o-Y) increased to 6.9 per cent in February 2021 from 5.9 per cent in January 2021. Further, Non-Food inflation (Y-o-Y) increased marginally to 1.9 per cent in February 2021 from 1.8 per cent in January 2021.
Further, year-on-year core inflation decreased marginally to 4.1per cent in February 2021 from 4.2per cent in January2021, while annual average core inflation remained unchanged at 4.2 per cent in February 2021.
Monthly change of NCPI recorded at 0.51 per cent in February 2021 mainly due to price increases observed in items of the food category. Moreover,monthly changes of food and non-food categories recorded at 0.42 per cent and 0.09 per cent, respectively in February 2021.
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