The Indian IPC facilitates the fourth month, the lowest since August 2024.

Inflation coefficient in India in February decreased by a lower than 3.61% expected in February, when vegetable prices were cooled, the country’s statistics Ministry said on Wednesday.

Economists interviewed by Reuters expected 3.98%read during this period. This is for the first time since last summer that inflation appeared below the 4% RBI target and means the lowest monthly print since July 2024.

Food inflation, which is the key component of the country, reached 3.75%, and vegetable prices decreased by 1.07%compared to the campaign by 11.35%in January. Pulses prices were also reduced by 0.35% in February, against 2.59% of the hike in the previous month.

In February, the rise in cereals and products decreased to 6.1%, changed little since 6.24%.

In the note on March 5, Bank’s Bank’s analysts noted that vegetable prices have fallen sharply since October, which gave higher deliveries, especially for potatoes and tomatoes.

“We expect that the correction of the prices for vegetables will start a return appeal, perhaps in March, with the risks of the heat waves and the weather related to the crop,” they added.

Inflation data on Wednesday come after GDP growth in India Just missed expectations For the fourth quarter, which came by 6.2%. For the financial year before March 2025, the economy is expected by 6.5% – a sharp slowdown from 9.2% last.

Bank’s Bank’s analysts said the monetary policy in the country is “firmly supporting growth” as medium -term inflation forecasts are around the 4% reserve bank.

Analysts expect 100 basic points that cost RBI by the end of 2025, including Reduction on 25 Basses delivered in February. “This will lead to the rap speed up to 5.50% by the end of 2015, which we define as close to the neutral rate,” they said.

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