India's annual retail inflation in December eased to a four-month low, government data showed on Monday, boosting hopes of the country's central bank cutting interest rates in February. Annual retail inflation in December eased to 5.

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.

Retail inflation slowed to a four-month low of 5.22 per cent in December compared to 5.48 pc in November, mainly due to easing of prices in food basket, according to government data released on Monday.

India's annual retail inflation in December eased to 5.22% from 5.48% in the previous month as the rate of increase in food prices slowed, government data released on Monday showed.

India’s retail inflation surged to a 14-month high of 6.2 percent in October, with food inflation reaching a 15-month high of 10.9 percent. Food prices have kept inflation elevated in recent months, largely driven by a sustained surge in vegetable prices,

Norway’s underlying inflation eased more than expected at the end of the year, in evidence that the aggressive stance of its central bank is reining in prices in the energy-rich economy.

India's annual retail inflation in December slowed to 5.22% from 5.48% in the previous month, government data released on Monday showed.