This could clear the way for another rate cut by the Reserve Bank of India, which slashed rates from 6.5% to 6.25% after its monetary policy meeting on Feb. 7.

Retail inflation cools to 4.31% in January, beating estimates as food prices ease; RBI projects further moderation, bringing relief to households and boosting economic stability.

Inflation in Peru’s capital Lima cooled in January compared to the previous month, remaining within the central bank’s target range.

India's retail inflation slowed to a five-month low in January as food price inflation eased, boosting the odds of another rate cut in the South Asian economy where growth is slowing amid the escalating threat of a global trade war.