India, Aug. 12 -- India's consumer price inflation eased more-than-expected in July to the lowest level in just over eight years amid a continued fall in food prices, official data revealed on Tuesday.
Consumer price inflation eased to 1.55 percent in July from 2.10 percent in June. The expected rate was 1.76 percent.
Moreover, this was the lowest inflation rate since June 2017, when prices rose only 1.46 percent.
The Reserve Bank of India held rates at 5.5 percent during its policy meeting last week.
Food inflation remained negative in July, with prices falling by 1.76 percent versus a 1.01 percent increase in June.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
The significant decline in headlin...