All Items inflation eased to -0.4 % in January from -0.1% in December 2014, mainly on account of sharper price declines in direct oil-related items as well as lower food and services inflation.

 

Prices of direct oil-related items2 were 13.6% lower in January, after falling by 7.4% in the preceding month, as petrol pump prices and electricity tariffs were cut further following the correction in global oil prices.