If year-on-year total and core CPI consumer inflation rates accelerate, financial markets risk turbulence as investors’ 2025 interest rate cut expectations fall further.

India's inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December, boosting the case for prospective interest rate cuts. Analysts polled by Reuters had forecast a 5.

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.

India’s retail inflation surged to a 14-month high of 6.2 percent in October, with food inflation reaching a 15-month high of 10.9 percent. Food prices have kept inflation elevated in recent months, largely driven by a sustained surge in vegetable prices,