The government will release both the consumer price tomorrow as well as wholesale price-based inflation data on Friday.
CPI inflation could go down further to 8.2 per cent in February from 8.8 per cent in January, driven by a fall in food price inflation. However, the core inflation is expected to remain elevated.
RBI Governor Raghuram Rajan, who increased lending rates by 0.25 per cent each in three of the past four reviews, has been citing core inflation as a major reason for the overall price index to remain high.
This summer could be a hot one and the prices of the fruits and vegetables could rise again, and the cost of petroleum products could also rise given the increase in the global crude oil prices recently.If the core inflation remains the same or higher the cumulative effect will see a rise in the inflation figures in the coming months.