A Reuters poll of 44 economists had forecast inflation at 5.09%.

Food inflation, which accounts for nearly half of the overall consumer price basket, was 8.30% in January, compared with 9.53% in December.

Last week, Reserve Bank of India left rates unchanged, signalling that interest rate cuts may be some time away as it focuses on getting inflation to 4% on a durable basis.

(Reporting by Aftab Ahmed and Manoj Kumar; Editing by Bernadette Baum)