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India's retail inflation eases to an eight-year low of 1.55% in July

The last time the Consumer Price Index (CPI) had been this benign was in June 2017, when it recorded a 1.46 per cent uptick

Retail Inflation
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Economists expect consumer demand to pick up in light of the mild inflation trend, and reckon that monetary policy actions will hinge on the trajectory and outlook for prices and economic growth.

Shiva Rajora New Delhi
India’s retail inflation cooled to an eight-year low of 1.55 per cent in July from 2.1 per cent in June, aided by a deepening deflation in several food items even as prices of edible oils surged at a pace not seen since the onset of the Russia-Ukraine conflict in early 2022. Retail prices rose 1.18 per cent in rural India, and 2.05 per cent in urban areas. 
The last time the Consumer Price Index (CPI) had been this benign was in June 2017, when it recorded a 1.46 per cent uptick.  Economists expect consumer demand to pick up in