India Consumer Inflation Edges Down in February

Indian annual inflation rate slowed to a 25-month low of 8.1 percent in February of 2014. Provisional figures showed prices of vegetables eased the most on the year.

Food prices decelerated to an annual 8.57 percent, down from 9.9 percent in the previous month. Fruit cost recorded the highest growth rate (15.79 percent versus 15.66 percent in January), followed by vegetables (14.04 percent versus 21.91 percent in January). Sugar cost fell 5.48 percent on the year and oils and fats dropped 1.17 percent.

Prices of clothing and footwear grew slightly by 0.04 percent to 9.22 percent and prices of fuel and light slowed to 6.13 percent from 6.54 percent in January.

Provisional annual inflation rates for rural and urban areas in February are 8.51 percent and 7.55 percent, respectively.

India Consumer Inflation Edges Down in February

Joana Taborda |
3/12/2014 3:46:44 PM