- Raghuram Rajan says retail inflation targeting awaits government nodRetail inflation for industrial workers eases to 7.2 pct in JanFebruary retail inflation slows to 25-month low of 8.1 per cent, calls for RBI interest rate cut set to riseRetail inflation for farm and rural workers eases in Feb
Retail inflation for industrial workers eased to a two-year low of 6.73 in February due to softening of prices of food items.
"The year-on-year inflation measured by monthly Consumer Price Index for Industrial Workers (CPI-IW) stood at 6.73% for February, 2014, as compared to 7.24% for the previous month and 12.06% during the corresponding month of the previous year," a labour ministry statement said. The previous low of retail inflation for factory workers was recorded at 5.32% in January 2012.
The statement said the food inflation stood at 7.56 % in February, 2014, against 8.94% of the previous month and 14.98% during the corresponding month of the previous year.
According to the press release, the All-India CPI-IW for February increased by 1 point and was pegged at 238 points. On 1-month percentage change, it increased by 0.42% between January and February this year compared with the rise of 0.90% between the same two months of 2013. The largest upward pressure to the change in the current index came from miscellaneous group contributing 0.34 percentage points to the change.