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India's January retail inflation rate drops to 2.05 percent

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Reuters NEW DELHI

NEW DELHI (Reuters) - India's retail inflation rate dropped to 2.05 percent in January from a year earlier, lowest since June 2017, government data showed on Tuesday.

The decline was due to a fall in food prices and smaller increases in fuel costs.

Analysts polled by Reuters had forecast January's annual increase in the consumer price index at 2.48 percent.

(Reporting by Manoj Kumar; Editing by Sanjeev Miglani)

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 12 2019 | 6:00 PM IST

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