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.

August 29, 2024
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