Consumer Price Index (CPI) inflation in the country increased to 11.05 per cent during the month of February against 10.10 per cent of last month, January (2012).The numbers culminate into 8MFY12 average CPI of 10.79 per cent as against 14.07 per cent in the same period last year, while on Month-on-month (MoM) basis, the inflation number clocked at 0.3 per cent. “Though the complete break-up of the number is not available, we believe the primary reason behind an up-tick in the recent number is increase in inflationary pressure in the food group as evident by the leading indicator SPI and reducing base effect,” said Nauman Khan, an analyst at Topline Securities.
