India Inflation January 2024

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.

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