India’s consumer inflation fell to its lowest level in eight years in July, though the Reserve Bank of India (RBI) signaled that price pressures could rise again in the coming months.
- Consumer Price Index (CPI) rose 1.55% year-over-year in July, above the 1.40% forecast by economists.
- June inflation stood at 2.10%, with the previous low of 1.46% recorded in June 2017.
- RBI kept its repurchase rate unchanged last week, citing tariff uncertainties and the impact of prior rate cuts.
- The central bank lowered its full-year inflation forecast to 3.1% from 3.7% but expects CPI to exceed 4% in January–March.
- Easing inflation was aided by above-normal monsoon rains boosting agricultural output.
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
