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India's retail inflation for farm and rural workers declines to 6.17% and 6.20% in July, aligning with a five-year low consumer price inflation of 3.54%.
India's retail inflation for farm and rural workers reached 6.17% and 6.20% in July, declining from 7.02% and 7.04% in June.
This drop aligns with an overall five-year low in India's consumer price inflation of 3.54% in July.
RBI Governor Shaktikanta Das stated that a rate cut to boost growth will be considered once the inflation rate aligns with the 4% target rate, and expects it to decrease further in the third quarter of the current financial year.
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La inflación minorista de la India para los trabajadores agrícolas y rurales disminuyó a 6,17% y 6,20% en julio, alineándose con una baja inflación de los precios al consumo del 3,54%.