India: Inflation drops to lowest level since October 2023 in January
Inflation came in at 5.1% in January, down from December’s 5.7%. January’s figure marked the lowest inflation rate since October 2023. Looking at the details of the release, prices for food and beverages rose at a more moderate rate in January, while prices for fuel and light fell at a slower pace.
Annual average inflation fell to 5.5% in January (December: 5.7%).
Finally, consumer prices fell 0.11% in January over the previous month, a softer drop than December’s 0.32% fall.