India’s Inflation Eases, Poses Challenges

Inflation Eases in India, Poses Challenge for Policymakers

Inflation in India has shown a slight easing at the start of 2024, presenting a continuing challenge for monetary policymakers in the country. The consumer price index in India rose by 5.10% year-on-year in January, indicating a decline from December’s 5.69% and hitting a three-month low. However, economists had expected inflation to ease further to 5.0%.