NEW DELHI (Reuters) -India’s retail inflation eased below 4% in February for the first time in six months as vegetable prices fell, government data released on Wednesday showed.
Annual retail inflation in February eased to 3.61%, below economists’ estimate of 3.98%. Inflation for January was revised to 4.26% from 4.31% and the latest reading is the lowest since July.
Food inflation eased to 3.75% in February from a revised 5.97% in the previous month. Vegetable prices fell 1.07% year-on-year, compared with an 11.35% increase in January.
Prices of cereals rose 6.1% against a 6.24% increase in January, while those of pulses fell 0.35% compared to a 2.59% growth in the previous month.
(Reporting by Sarita Chaganti Singh; Editing by Sonia Cheema)
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