India Consumer Inflation Beats Expectations

Indian consumer inflation eased to a new record-low of 5.52 percent in October of 2014 as food prices slowed sharply.

Provisional estimates showed cost of food and beverages rose 5.68 percent yoy, slowing sharply from a 7.56 percent increase in September. The food index alone rose 5.59 percent in October, easing from 7.67 percent in the previous month. Cost of vegetables dropped 1.45 percent and fruit prices increased at a slower 17.49 percent (22.4 percent in September). Prices of oils and fats were unchanged from last year and sugar cost rose a meager 0.37 percent.  

Cost of fuel and light rose 3.29 percent in October, down from a 3.45 percent increase in the previous month and cost of clothing and footwear slowed slightly to 7.45 percent from 7.59 percent in September. 

The corresponding provisional inflation rates for rural and urban areas for October of 2014 are 5.52 percent and 5.55 percent. 

India Consumer Inflation Beats Expectations

Joana Taborda |
11/14/2014 8:30:54 AM