India CPI rises more than estimated in February
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New Delhi
INDIA'S retail inflation accelerated more than economists estimated and factory output rose, complicating central bank governor Raghuram Rajan's next move after an unscheduled interest-rate cut last week.
Consumer prices rose 5.37 per cent in February from a year earlier after a revised 5.19 per cent increase in January, the Statistics Ministry said in a statement in New Delhi on Thursday. Industrial production rose 2.6 per cent in January, compared with a 1.7 per cent rise the previous month and 0.7 per cent predicted gain.
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