inflation going up in March

While playing down falling industrial production and revenue shortfalls in the first seven months (July-January) of 2024-25, the government on Thursday hinted at a spike in the consumer price index next month. “Inflation is anticipated to remain within the range of 2-3pc for February. However, there are prospects of a slight increase to 3-4pc by March,” said the Ministry of Finance (MoF) in its Monthly Economic Update & Outlook for February, released on Thursday. Overall, the MoF said the national “economy continued to demonstrate positive developments during July-January FY25, as evidenced by improvements in key economic indicators”. Export-oriented industries grew despite the slow recovery in the Large-Scale Manufacturing (LSM) sector.