New Delhi, Feb. 11 -- India's retail inflation likely eased to a five-month low of 4.5% in January, according to a Mint poll of 22 economists. This will be significantly below the 5.2% print recorded in December, mainly due to continuing softness in the price of food, particularly vegetables.
While all economists polled by Mint expected inflation to moderate in January, one projected only a minor easing to 5.1%. Barring this, the projections for inflation were in the range of 4.2-4.7%. The official data is scheduled to be released on Wednesday.
"Vegetable prices eased notably in January, thanks to fresh crop arrivals. Since the usual winter correction in food prices has been a bit delayed this time, we expect food prices to continue to fa...