India’s January inflation pace drops; RBI could cut rates again


India’s January inflation pace drops; RBI could cut rates again

Annual retail inflation in January rose 2.05 percent, its slowest pace since June 2017, government data showed on Tuesday. Economists in a Reuters poll predicted retail inflation would edge up to 2.48 percent in January from the downward revised December figure of 2.11 percent.

The decline was due to a fall in food prices and smaller increases in fuel costs. Analysts polled by Reuters had forecast January’s annual increase in the consumer price index at 2.48 percent.

Figures released separately on Tuesday showed industrial output growth rose 2.4 percent in December on the year. Read More

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