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India's Jan. wholesale inflation steady at 2.31% y/y
India's January wholesale inflation steady at 2.31% y/y
India's wholesale inflation in January remained steady at 2.31% year-on-year, from 2.37% in December, government data showed on Friday, on moderation in food and fuel prices. The wholesale inflation rate,
India's wholesale inflation eases to 2.31% in January from 2.37% in December
India's wholesale inflation eased to 2.31% in January from 2.37% in December, driven by changes in food prices. Retail inflation also dropped to a five-month low of 4.31% in January. The Reserve Bank of India expects inflation to further decline in the next fiscal year,
India's inflation cools to lower-than-expected 4.31% in January
This could clear the way for another rate cut by the Reserve Bank of India, which slashed rates from 6.5% to 6.25% after its monetary policy meeting on Feb. 7.
India’s wholesale inflation eases to 2.31% in January as food prices cool
The fall in WPI-based inflation in January wasn’t a surprise to experts, as a drop in food prices was expected with the arrival of fresh harvests
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