Inflation in India declined to 2.19% in December


In December, price growth in India slowed to 2.19% compared with 2.33% in November. The decline in inflation has been observed for three months in a row, thanks to which the indicator has dropped to the level of June 2017. According to experts, the reason for the slowdown in inflation is the fall in food prices in the country. Food prices fell by 2.51% in annual terms, while fuel and electricity went up by 4.54%, clothing and footwear - by 3.52%. Inflation data for December 2018 will allow the Central Bank of India to ease monetary policy.

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