India's inflation rate is seen dropping to 4 percent at the start of February, its lowest since the end of 2007.
The median forecast is for a rise of 4.01 percent in the wholesale price index in the 12 months to Feb. 7, compared with 4.39 percent in the 12 months to Jan. 31.
If realized, it will be the index's lowest annual rise since 3.83 percent on Dec. 29, 2007.
The data is due around noon (0630 GMT) on Thursday.
The inflation rate fell from above 5 percent in the last week of January after India cut its state-set retail fuel prices by up to 11 percent.
The Reserve Bank expects annual inflation to be below 3 percent by March 31, the end of the 2008/09 fiscal years, with some analysts expecting it to be even lower.
The wholesale price index is more closely watched than the consumer price index (CPI) because it includes more products and is also published weekly. The CPI is released monthly.
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