CPI inflation likely to ease at 3.2%

It was at 3.4% in December 2016

The consumer price index-based inflation is likely to come down in January to the lowest in the new series due to subdued demand post-demonetisation and base effect before spiking up again in the next two months. 

Aditi Nayar, a principal economist with ICRA, pegged the inflation at 3.2 per cent in the month compared to 3.4 per cent in the previous month. 

According to the poll of 26 economists by Reuters, the inflation rate for January slowed to 3.22 percent in January. 

However, Nayar said it is likely to be followed up by a sharp rise in the next two months