Retail inflation likely eased to 3.9% in Feb: Poll

India's retail inflation likely eased further to 3.9% in February from 4.3% in the previous month, driven by a continued decline in food prices, according to a Mint poll of 25 economists.

- Manjul Paul

NEW DELHI: This would mark the fourth consecutive month of cooling inflation and help make a case for another rate cut by the Reserve Bank of India (RBI) in April.

Economists polled by Mint projected the Consumer Price Index (CPI) inflation in a wide range of 3.6-4.4% in February. The official data is scheduled to be released on 12 March.

Food inflation, which accounts for nearly 40% of the inflation basket, has declined considerably over the last two months, owing to the arrival of the winter crops.