India's inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December. The cooldown in price growth boosts the case for prospective interest rate cuts.

India's wholesale inflation increased to 2.37% in December from 1.89% in November, driven by slower food price rises. Retail inflation eased to 5.22% from 5.48% in the same period. The RBI downgraded growth forecasts,

The WPI for all commodities decreased marginally by 0.38 per cent month-over-month (MoM) in December 2024, reflecting price corrections across certain segments.

LONDON (Reuters) -British inflation unexpectedly slowed to an annual rate of 2.5% in December from 2.6% in November and core measures of inflation watched closely by the Bank of England fell more sharply,

UK inflation fell last month but remains above the Bank of England's target. Prices rose 2.5% in the year to December, down from 2.6% the month before, the Office for National Statistics (ONS) said. The latest figures come after pressure has increased on the public finances in recent days due to government borrowing costs hitting their highest level for several years.