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India's retail inflation at 2-year low
Publication Date : 02-04-2014
Retail inflation for industrial workers in INdia eased to a two-year low of 6.73 per cent in February due to the softening of prices of food items.
“The year-on-year inflation measured by monthly consumer price index for industrial workers (CPI-IW) stood at 6.73 per cent in February 2014, compared to 7.24 per cent in the previous month and 12.06 per cent in the same month of the previous year,” a labour ministry statement said.
The previous low of retail inflation for factory workers was recorded at 5.32 per cent in January 2012.
The statement said that food inflation stood at 7.56 per cent in February 2014, against 8.94 per cent in the previous month and 14.98 per cent in the same month of the previous year.
According to the Press release, the All-India CPI-IW for February increased by 1 point and was pegged at 238 points.