India's main inflation rate has fallen to the lowest level in more than two years.

印度通货膨胀率降低至近两年多以来最低点。

The report for January showed that wholesale¹（批发的） prices rose at an annual rate of 6.55%, down from 7.47% in December.

Falling food prices have helped to ease the overall inflation rate and economists² say the central bank now has greater scope to lower the cost of borrowing.

India's inflation rate remains³ higher than other leading emerging economies.

"The biggest factor for inflation coming down seems to be lower contribution from food commodities because of the bumper⁴ crop." said Deven Choksey, Managing Director at KR Choksey Shares and Securities in Mumbai.

"We expect inflation to remain at moderate levels in the near future, and if it settles around 6%, it will be a happy situation."

Sluggish⁵（萧条的） economic growth has raised the prospect⁶ of a cut in interest rates by India's Central Bank.

"It gives more room to the Reserve Bank of India to go ahead with its interest rate cut." said Ashutosh Khajuria from Mumbai's Federal Bank.

"There is now an opportunity for the RBI to start its growth-biased monetary⁷ policy. Rate cuts could happen before March 31."