India's Inflation Rate Falls to 20-Month Low as Food Prices Ease

CPI inflation decelerated to 23.06% in February, down from 28.34% in January, largely due to decreasing food prices
This is the lowest inflation reading in 20 months, down from a peak of 37.97% in May 2023
Food inflation dropped to 20.02% urban/19% rural in February, while non-food inflation was 28.2% urban/22.1% rural
Core inflation also decreased slightly to 15.5% urban/21.9% rural
Main price increases were seen in fruits, honey, fish, pulses, meat, spices; decreases in eggs, tomatoes, onions, potatoes