India's wholesale inflation saw a marginal decline in January, falling to 2.31% from December's 2.37%, as per government data released today. The change comes amid other changes in the nation's inflation landscape, including a decline in retail inflation and a rise in core inflation.

India's retail inflation eased to a five-month low of 4.31% in January from 5.22% in December as food price inflation declined, government data released on Wednesday showed.

Experts suggest that CPI inflation is likely to ease further in February and see the RBI MPC cutting rates by 25 basis points in April.

The drop in inflation is primarily attributed to lower food prices and stable core inflation, offering a positive outlook for household budgets.

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.

RBI Governor Sanjay Malhotra stated last week that the central bank remains vigilant regarding inflationary pressures and will monitor the impact of rupee depreciation on local prices.

India's retail inflation fell to a 5-month-low value of 4.31% in January this year. Read on to know how that affected your wallet.