The recent economic data, especially the inflation trajectory, has been a cause for concern for experts. The spike in inflation comes on the back of a steady rise in crude oil prices at the global level, which have fed into a rise in the auto fuel pump prices back home.
While industrial production (IIP) contracted 1.6 per cent in January, retail inflation (CPI) soared to a three-month high of 5.03 per cent in February on costlier food items, data released Friday showed.
On Monday, WPI inflation came in at 4.17 per cent in February, up 2.03 per cent from January.
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