India's inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December. The cooldown in price growth boosts the case for prospective interest rate cuts.

India's annual retail inflation in December eased to 5.22% from 5.48% in the previous month as the rate of increase in food prices slowed, government data released on Monday showed.

The WPI for all commodities decreased marginally by 0.38 per cent month-over-month (MoM) in December 2024, reflecting price corrections across certain segments.

India's wholesale inflation increased to 2.37% in December from 1.89% in November, driven by slower food price rises. Retail inflation eased to 5.22% from 5.48% in the same period. The RBI downgraded growth forecasts,

India's wholesale inflation, measured by the Wholesale Price Index (WPI), increased to 2.37% in December from 1.89% in November, despite a marginal change in food prices. This is a 25% increase month-over-month. The highest increase was recorded in primary articles inflation, which surged to 6.02% from 5.49%.

The Wholesale Price Index (WPI) based inflation was 1.89 per cent in November The Wholesale Price Index (WPI) based inflation increased to 1.89 percent in November 2024. It was 0.86 per cent in December 2023.

India's annual retail inflation in December eased to a four-month low, government data showed on Monday, boosting hopes of the country's central bank cutting interest rates in February. Annual retail inflation in December eased to 5.

India’s inflation eased last month, while the rupee plunged to a new record low, giving the central bank reason to remain cautious even as most analysts predict interest rate cuts from February.