India’s Inflation at Three-Month Low Gives RBI Some Respite
- Consumer price index falls to 5.1% from 5.7% in December
- Food inflation eases, core inflation moderates further
Food stalls at a market in Silhawad, Madhya Pradesh, India.
Photographer: Kanishka Sonthalia/BloombergThis article is for subscribers only.
India’s inflation eased to a three-month low in January as food prices moderated, providing some relief to rate-setters nervous about price shocks spilling over to other segments of the economy.
The consumer price index rose 5.10% last month from a year earlier, statistics ministry data showed Monday. That’s almost in line with the 5.0% median estimate in a Bloomberg survey of economists and compares with a 5.69% print in December.