India's inflation drops to 4-month lowJuly 14, 2014 @ 3:08 am
MUMBAI, India (AP) -- India says its benchmark inflation rate eased to 5.4 percent in June, the lowest level in four months.
The data comes as Asia's third-largest economy is trying to revive growth while battling a rising cost of living.
Still, a weak start to the annual monsoon rains season has been stoking worries that prices for food may soon shoot up, hurting the hundreds of millions of poor Indians who live on less than $2 per day.
The increase in the Wholesale Price Index for June was down from 6 percent in May. India's government has set a target of between 4 and 5 percent as an acceptable level.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The Seattle Police Department unveils new uniforms, logo
'It Was My Turn'
K.J. Wright has signed a $27 million, four-year extension with the Seahawks
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.