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India macro › CPI inflation › February 2023

CPI inflation, February 2023: 6.44%

India's consumer price inflation eased to 6.44% in February 2023 from 6.52% in January. Food inflation was 6.26%. That is above the top of the RBI's 2–6% tolerance band. The repo rate was 6.50% at the end of the month, 0.06 points above inflation.

February 2023January 2023February 2022
CPI inflation6.44%6.52%6.07%
Food inflation6.26%–5.93%
CPI inflation, food inflation and the repo rateMar 2020 – Oct 2026
−5%0%5%10%15%202120222023202420252026New CPI base (2024)6.44%
Year-on-year inflation for All India, rural and urban combined. The CPI moved to a 2024 base in January 2026, so the figures either side of the dashed line come from different series.

Source: Ministry of Statistics and Programme Implementation (MoSPI). MoSPI revises earlier periods as fuller data arrives; this page shows the latest published figure. The latest figures for every indicator are on the India macro dashboard.