The RBI also reduced repo rate by 25 bps, after retail inflation hit an 18-month low in December to rise 2.19 percent, led by softening crude oil prices and cheaper food items.
The data released by the Central Statistics Office further said the inflation in the "fuel and light" category also fell to 2.2 per cent in January this year from 4.54 per cent in December 2018.
Inflation peaked at a five-year high of 3.1 percent in November 2017, when households faced much greater price increases than the European Union average. In its February 7 policy statement, it projected consumer inflation at 3.2-3.4 per cent in the first half of next financial year, beginning April 1.
"The further falling back in inflation facilitates the Bank of England maintaining a "wait and see" approach on interest rates until after the United Kingdom leaves the EU", Howard Archer, chief economic adviser to the EY ITEM Club consultancy, said.
Prime Minister Narendra Modi, who faces tough general elections by May, has announced an annual transfer of 750 billion rupees ($11 billion) to millions of farmers, and tax benefits for the middle class, which many economists say could spur both consumer spending and inflation.
At the pumps, motorists had lower fuel costs last month, with petrol down by 2.1p per litre on the month to 119.6p.
Nintendo Direct To Air Tomorrow
But it's unclear whether these games will get revealed in the rumoured February 2019 Nintendo Direct or a later one. On February 13, 2019, people will be able to watch a 35 minute video going over some of Nintendo's new games.
Manufacturers' raw materials costs were 2.9 percent higher than in January 2018, the slowest increase since June 2016, the month of the Brexit referendum. Growth in the mining sector declined 1%.
The "food and beverages" segment registered a deflation of 1.29 per cent in January as against 1.49 per cent deflation a month ago.
The prices of vegetables declined 13.32% while prices of sugar and confectionery dropped 8.16%.
Experts said headline CPI is expected to stay benign in the coming months and provides room for further rate cut by the RBI.
"Unlike when the cap is lowered, energy firms don't have to automatically raise prices when the cap is lifted". RBI has recently revised the trajectory of CPI sharply lower and delivered a cut in policy rate.
Joy Egginton, deputy technical director of Toro Rosso, told SpeedWeek how the team is working in full cooperation with Red Bull. The team have a new driver line-up with the return of Russian Daniil Kvyat and a debut for UK-born Thai Alexander Albon .
Campbell reportedly purchased the ticket for $200 in Jamaican money, and took 54 days to claim the winning ticket. Lucia News , a man who won $158 million in the Super Lotto , who identified himself as A.
That is only a month away, and it's unsure if Musk himself would be the one to drag the curtains of the brand new automotive. Elon Musk previously pitched Dog Mode late past year , according to an article published by Fortune .
I was super excited to see both Cardi B and Nicki Minaj headline The BET Experience, but I can't blame her for bowing out. Cardi B .is also the first artist to have all of the songs off of the album rank high on the music charts.
Speaking at the Royal United Services Institute , he said Britain must stand up to those who "flout worldwide law". He will go on to say: "We have to be ready to show the high price of aggressive behaviour".
Those kicks could be extra valuable, too, if George continues playing the way he did on Saturday night. Rookie Landry Shamet, newly arrived from Philadelphia, scored 14 of his 17 points in the second half.
Sherrod Brown (D-Ohio), a possible 2020 contender, said at a Christian Science Monitor breakfast on Tuesday . The proposal includes progressive agenda items like universal healthcare and a federal jobs guarantee.
LAPD investigators are now on the hunt for the suspect or suspects, who reportedly fled the scene with a ton of cash and jewelry. The incident went down in West Hollywood, as the pair were preparing for a recording session at Westlake Recording Studio .
In all, the yellow flag waved four times, with the late-race multi-car incident being the only on-track incident of the race. In fact, not including Johnson's vehicle , only three other cars made it through this wreck unscathed.
Allegiant flights between Las Vegas and LAX starting at $39
To receive the introductory discounted fares, tickets must be purchased by this Wednesday, Feb. 13, for travel by August 13. Allegiant said it will operate two flights per week to the areas, which is typical for "ultra" low-priced carriers.
How to watch Monday coverage of AT&T Pebble Beach Pro
In fact, he's finished second six times . "In all honesty, it's a good thing to play the last two holes in fresh conditions". Casey's only hope was for Mickelson to make a mistake on the closing holes, and there was little chance of that.
Gmail's right-click menu just got a ton of new options
Prior to this rollout, Gmail's right-click menu allowed users to archive an email, mark it as read or unread, and delete messages. Those on a slower, more progressive Scheduled Release domain, meanwhile, will begin to get the new menu from February 22.
N.Korea Summit On Despite Doubtful Outcome
Reports first surfaced yesterday, but further sources indicate plans are in the works. Another round of working-level talks is expected to take place in the next few days.
OnePlus to show off a 5G smartphone prototype at MWC 2019
It is fully possible the company may showcase a 5G variant of the OnePlus 6T like how other manufacturers are doing now . OnePlus has now invited the media to experience the company's prototype 5G smartphone at Qualcomm's booth at the event.
Manchester United suffer heaviest home European loss
Solskajaer said: 'You could see we have not played at this level for a while. "We had a lot of midfielders and not many forwards". United's lackluster performance was a continuation of the European form under Mourinho in the group stage.
California Governor Moves to Ease Homelessness
Newsom criticized "fear-mongering that's coming out of the White House", likening Trump's rhetoric on immigrants to George W. He appointed Sacramento Mayor Darrell Steinberg to lead a new state commission focused on California's homeless crisis.
Who to play in Apex Legends? Use our character flowchart
Apex Legends will then introduce cross-play for all at a later date but can not afford to miss this opportunity. Fortnite is one of the only games that now includes full cross-platform support, with Rocket League now in beta.