India, March 12 -- India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months.
Consumer price inflation eased more-than-expected to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024. Inflation was seen at 4.0 percent.
Food inflation softened to 3.75 percent from 5.97 percent a month ago. Food prices grew at the slowest pace since May 2023.
The larger-than-expected fall in headline inflation to below the Reserve Bank of India's 4 percent target supports the view that the bank will continue to loosen monetary policy over the coming ...