India, Feb. 12 -- India's consumer price inflation slowed more than expected to a five-month low in January reinforcing expectations that the Reserve Bank of India will reduce interest rates further.
The consumer price index registered an increase of 4.31 percent on a yearly basis in January, weaker than the 5.22 percent rise logged in December, official data revealed on Wednesday. The inflation rate was below economists' forecast of 4.60 percent rise.
This was the lowest rate since August 2024, when inflation was 3.65 percent.
At the same time, food price inflation slowed more markedly to 6.02 percent in January from 8.39 percent in the previous month. This was the weakest since August 2024.
On a monthly basis, overall consumer prices ...