New Delhi, June 13 -- Consume price inflation in India which eased to an over six-year low in May (at 2.82 per cent) is seen declining further towards 2 per cent, perhaps even lower, by July, according to a report SBI Research.

Consumer Price Index-based retail inflation moderated to 2.82 per cent in May, much below the consensus estimates to hit a 75-month low, driven chiefly due to softening food items, particularly vegetables and pulses which declined by 13.7 per cent and 8.2 per cent respectively.

"This, together with easing spices/meat and fish prices was however somewhat offset by elevated levels of fruits, Personal care and effects," the report said. "The positive development on headline front gets a tad masked though with the so...