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India's inflation stands at 5.37 pct in Feb.

Xinhua, March 12, 2015 Adjust font size:

India's consumer price index- based inflation (CPI) stood at 5.37 percent in February 2015, down from 7.88 percent in the corresponding month of 2014, said official statistics Thursday.

The CPI was, however, marginally higher when compared to the figure of 5.11 percent for January 2015.

The Indian government has promised to curtail inflation by below 6 percent by the end of next fiscal year ending next March.

However, the drop of oil prices in international market could be the main reason for a temporary relief for the inflation, said analysts. Endi