India’s wholesale price index-based inflation further eased to 0.27% in January on an annual basis, as compared to 0.73% in December, according to provisional data released by the Commerce Ministry. The decline in inflation can be attributed to lower food prices, particularly in the vegetable segment. This is the third consecutive month of easing inflation, indicating a positive trend for the economy. However, experts caution that the global economic slowdown and fluctuations in oil prices could impact inflation in the coming months. Overall, the easing inflationary pressures are expected to provide some relief to consumers and businesses in the country.