Inflation in India hit in January lowest since June 2017

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Consumer prices in India slowed growth in January for the fourth month in a row. Inflation last month was 2.05%, whereas a month earlier it was at the level of 2.11%. Economists had not expected it to slow down. According to their estimates, it was assumed that the inflation rate would rise to 2.5%. The Reserve Bank of India has set a target inflation rate of 4%, but it has not been able to achieve it within 6 months. Economists predict a further reduction in the key rate of the Indian Central Bank, since the country's economy requires appropriate measures to strengthen it. In January, food products in India fell by 2.17% year-on-year. At the same time, the rise in prices for fuel and electricity slowed down to 2.2%.

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