India consumer price inflation eases to 4-month low in February
An Indian vegetable vendor sells vegetables at a market in Bhopal, India, Feb. 1, 2018. EPA-EFE FILE/SANJEEV GUPTA
New Delhi, Mar 12 (EFE).- India's retail inflation eased to the lowest in four months in February thanks to slower rises in food and fuel prices, government data showed Monday, according to a Dow Jones Newswires report supplied to EFE.
The benchmark consumer-price index rose 4.44 percent from a year earlier, slowing from January's 5.07 percent rise but stayed above the central bank's 4 percent medium-term target for the fourth-month in a row.
Food prices climbed 3.26 percent from a year earlier, decelerating from a 4.7 percent rise in January while fuel prices rose 6.8 percent, slower than January's 7.7 percent increase, the Dow Jones report added.
Despite the easing, the central bank is unlikely to lower its guard against inflation as crude oil prices are on the rise and increases in state-set prices of farm produce as well as import taxes on some goods threaten to intensify price pressures.