Indian CPI Eases, Factory Output Rise Surprises Before Vote
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Indian consumer-price inflation eased for a third straight month in February while factory output unexpectedly rose in January, as interest-rate increases cooled Asia’s fastest price rises before elections next month.
The consumer-price index rose 8.1 percent from a year earlier, compared with 8.79 percent in January, the Statistics Ministry in New Delhi said yesterday. The median estimate in a Bloomberg survey of 45 analysts had been for an 8.3 percent increase. Industrial output expanded 0.1 percent in January, a separate report showed.