India Consumer Inflation Down to Record Low

Indian consumer prices rose by an annual 7.31 percent in June of 2014, the lowest rate on record. The inflation rate slowed for the second straight month, due to lower food prices.

Provisional estimates showed food inflation slowed to 7.9 percent in June from 9.4 percent in May. Fruit prices rose at a slower 20.64 percent and cost of vegetables eased sharply to 8.73 percent (15.27 percent in the previous month).

Cost of fuel and light rose 4.58 percent, down from a 5.07 percent increase in the previous month and cost of clothing and footwear slowed slightly to 8.65 percent from 8.86 percent in May. 

The corresponding provisional inflation rates for rural and urban areas for May of 2014 are 7.72 percent and 6.86 percent.

India Consumer Inflation Down to Record Low

Joana Taborda |
7/14/2014 1:28:56 PM