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India inflation likely eased below 4% in February for the first time in six months: Reuters poll
A Reuters poll of 45 economists taken March 4–10 predicted inflation as measured by the annual change in the consumer price index fell to 3.98 percent in February from 4.31 percent in January.
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FILE PHOTO: Customers buy fruits and vegetables at an open air evening market in Ahmedabad, India, August 21, 2023. / REUTERS/Amit Dave/File Photo
India's February consumer inflation likely eased below the Reserve Bank of India's medium-term target of 4.0 percent for the first time in six months on moderating food price rises, a Reuters poll showed, bolstering expectations of interest rate cuts.
As fresh winter produce hit markets over the past few months, food items - which make up nearly half of the inflation basket - saw a sustained slowdown in price increases.
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