India's overall inflation drops to -0.39 in January

India's overall inflation, measured by the Wholesale Price Index (WPI), drops to -0.39% in January compared to 0.11% December.

At the same time, the rate of inflation for fuel dropped further to (-) 10.69% in January compared to (-) 7.82% in December due to continuous drop in crude oil price. Also the rate of inflation for manufactured products dropped to 1.05% in the same month from 1.57% in December. With negative overall inflation numbers, the RBI is expected to cut rates during its next monetary policy review meeting to boost growth.