Mumbai, Aug. 12 -- Inflationary pressures continued to soften as consumer price index (CPI) based inflation slows for ninth straight month. India's CPI inflation eased to near 8-year low of 1.55% in July amid sustained cooling in food price increases. This marks the first time in over six years that inflation has fallen below the Reserve Bank of India's 2% to 6% tolerance band. Data showed that food inflation, which accounts for nearly half of the Consumer Price Index (CPI) basket, stood at -1.76% in July as against -1.06% last month.

Published by HT Digital Content Services with permission from Capital Market....