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India’s January Retail Inflation Rate Drops to 2.05 Percent

The decline was a result of fall in food prices and smaller increases in fuel costs.

A vendor sells vegetables at a retail market in Kolkata. (Reuters/file photo)

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New Delhi: 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.

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Source: News18