The fall in WPI-based inflation in January wasn’t a surprise to experts, as a drop in food prices was expected with the arrival of fresh harvests

BENGALURU (Reuters) - India's consumer inflation likely fell sharply to a five-month low of 4.60% in January from 5.22% in December on slowing food price rises, according to economists polled by Reuters. Such a fall would be a relief for most Indian households, who spend a significant amount of their budgets on food.

India's wholesale inflation in January remained steady at 2.31% year-on-year, from 2.37% in December, government data showed on Friday, on moderation in food and fuel prices. The wholesale inflation rate,