India's Inflation Nears Target

This is a India news story, published by CNBC, that relates primarily to Reuters news.

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CNBC

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Business

Business & Economics

India's inflation rate dips to cooler-than-expected 3.61% in February, below central bank's target

Summary

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87% Informative

India 's inflation rate in February fell to a lower-than-expected 3.61% in February .

Economists polled by Reuters had expected a reading of 3.98% for the period.

Food inflation, which is a key constituent of the country's CPI, hit 3.75% , with vegetable prices prices dropping by an annual 1.07% , compared with a 11.35% hike in January .

Price growth for cereals and products meanwhile eased to 6.1% .

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formal

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English

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