India Consumer Inflation, Factory Output Fall After Rate Rises
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India’s consumer-price growth eased more than analysts estimated in January and factory output fell in December following an increase in interest rates as central bank Governor Raghuram Rajan fights Asia’s fastest inflation.
The consumer-price index rose 8.79 percent from a year earlier, compared with 9.87 percent in December, the Statistics Ministry said in New Delhi yesterday. The median estimate in a Bloomberg News survey of 37 analysts was 9.2 percent. The latest rate was the lowest since January 2012.