CPI inflation eases to 25 months low at 8.10% in February 2014

The headline CPI inflation (combined) for February 2014 eased to 25- months low level at 8.10% (y-o-y), marking an deceleration from 9.79% (y-o-y) seen in previous month. Meanwhile, the index for February remained unchanged from the index seen in the previous month. The fall in index of food category, especially vegetables helped the CPI inflation to ease.

The falling vegetable prices helped the combined CPI growth to fall below 8.5%. The vegetables prices on monthly basis fell to 6.72% from 13.38% in January. Also the prices eased to 14.04% (y-o-y) in February from 21.75% in January 2014. Among food items, while, cereals and products eased to 9.93%, pulses and products increased to 3.48% from 11.34% and 2.50%, respectively in January 2014.

For February 2014, the state wise biggest uptick, in the rural segment, was noted by Arunachal Pradesh (1.39%, m-o-m) followed by Nagaland (0.98% m-o-m) while biggest fall was recorded in Andaman & Nicobar Islands (2.06% m-o-m). For February 2014, the state wise biggest upside, in the urban segment, was noted by Tripura (0.93%, m-o-m), while the biggest fall was noted by Jharkhand (1.10% m-o-m).

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