India’s consumer inflation falls to 8.10% in Feb 2014
India’s annual Consumer Price Inflation (CPI) falls to 8.10% in February 2014, i.e. 25-month low on account of lower food prices.
As per the Consumer Price Index (CPI) data, inflation fell for the third consecutive month and eased to 25-month low of 8.10 percent in February mainly on account of a drop in food prices. In other words, overall inflation in the food basket, including beverages, slowed to 8.57 % in February from 9.9 % in the previous month.
The rate at which vegetable prices increased eased to 14.04 % as against 21.91% in January. Retail inflation also slowed in protein-rich items viz. eggs, fish and meat to 9.69 % in February as opposed to 11.69 % in January.
Note: A Consumer Price Inflation (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households.
Categories: Business & Economy Current Affairs 2017