Retail inflation rises further to 6.07% in February, above RBI’s 2-6% target bandIndia’s retail inflation rose further in February to 6.07 per cent from a year ago, up also from 6.01 per cent in January, remaining above the tolerance limit of the central bank for a second month in a row, government data released on Monday showed.A Reuters poll of economists had predicted annual inflation to touch 5.93%, a shade lower than the upper limit of the Reserve Bank of India’s 2 per cent to 6 percent target band.The government data released earlier on Monday showed, wholesale price-based inflation (WPI) accelerated to 13.11 per cent in February from a year ago, compared to 12.96 per cent in the previous month.That was largely driven by higher fuel prices, up 31.50 per cent year-on-year, versus 32.27 per cent in January.WPI inflation has remained in double digits for the eleventh month in a row, beginning April last year.”Clearly, the data reinforces the presence of inflationary pressures in the manufacturing and the services sector,” said Suman Chowdhury, Chief Analytical Officer at Acuité Ratings & Research, referring to the WPI data.”While the sharp rise in crude oil prices and the breach of $100 per barrel consequent to the intensification of the Russia-Ukraine conflict began only at the end of February-22, there has been an uptrend in commodity prices since January-22 and this is visible in both the sequential rise in primary commodities and fuel and power index…,” he added.