India\\\'s inflation eases to two-month low
Thursday, 15 May 2014
India's inflation slowed in April, thanks to an easing in food and fuel prices, government data showed Thursday, but analysts warned of fresh price pressures that underline challenges facing the next government.
The Wholesale Price Index (WPI), the closest watched cost-of-living monitor, slowed to a two-month low of 5.20 percent year-on-year in April from 5.70 percent in March, commerce ministry figures showed.
Food prices slowed to 8.64 percent in April from 9.90 percent the month before, while fuel and power prices eased to 8.90 percent from 11.22 percent the previous month.
The data comes on the eve of national election results that are expected to sweep the right-wing opposition Bharatiya Janata Party (BJP) and its candidate for prime minister Narendra Modi to power, according to AFP.