At 2.1%, retail inflation falls to over 6-year low in June
India’s retail inflation plummeted to a 77-month low of 2.1% in June, primarily driven by a significant moderation in food inflation. This decline has fueled speculation among experts that the Reserve Bank of India might consider a rate cut in its August meeting. Wholesale price inflation also entered deflation territory, further influenced by lower food and fuel prices.🕒 1 min read
India’s retail inflation plummeted to a 77-month low of 2.1% in June, primarily driven by a significant moderation in food inflation. This decline has fueled speculation among experts that the Reserve Bank of India might consider a rate cut in its August meeting. Wholesale price inflation also entered deflation territory, further influenced by lower food and fuel prices.
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