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14 Mar, 2014 01:32 PM

February inflation dips to 4.68%, lowest in last9-month

February inflation dips to 4.68%, lowest in last9-month
Inflation fell to nine-month low of 4.68 per cent in February due to easing prices of kitchen staples like onion and potato, creating some headroom for RBI to cut interest rate in its forthcoming monetary policy. 

The food inflation, based on Wholesale Price Index (WPI), dropped to 8.12 per cent in February, compared to 8.8 per cent in the previous month as the rate of price rise slowed in almost all items, except fruits and milk. 

Inflation, which is on decline since December, was 5.05 per cent in January. Prior to February, the lowest WPI was recorded in May 2013 at 4.58 per cent. In June, it had inched up again to 5.16 per cent.

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