Indian inflation continues to ease, industrial output edges up

|By:, SA News Editor

Indian consumer inflation fell for the third consecutive month, dropping to 8.1% on year in February from 8.79% in January and coming in below consensus of 8.3%.

The decline comes as the Reserve Bank of India  considers setting a CPI target after having raised interest rates three times since September.

Meanwhile, industrial output surprisingly grew for the first time in four months, expanding 0.1% in January vs expectations for a contraction of 0.9%.

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