India’s Inflation Dips to 4.31% in January

India’s inflation fell to 4.31% in January, the lowest in five months, down from 5.22% in December, driven by easing food prices. This decline follows the Reserve Bank of India’s rate cut, setting the stage for future reductions. Food inflation dropped to 6%, while core inflation remained steady. RBI projects inflation to average 4.4% in Q4, easing further ahead.