Retail inflation has dropped sharply in January 2017.
The Consumer Price Index (CPI) fell last month due to a fall in consumer food prices.
CPI has fallen by 44% year on year. In January last year, CPI stood at 5.69%.
Consumer food inflation alone had eased to 0.53% as the prices of vegetables and pulses fell.
Easing inflation might push the Reserve Bank of India (RBI) to cut interest rates.
Low interest rates = Low loan rates. Our Home Loan rates start at 8.50%.
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