New Delhi, Aug. 13 -- India's retail inflation plunged to its lowest level in over six years as the Consumer Price Index eased to 1.55 per cent in July compared to 2.1 per cent in June, as per the data of the Ministry of Statistics and Programme Implementation (MoSPI). The MoSPI lays standards, norms, and methods for data collection, processing, and dissemination across various statistical domains. The Consumer Price Index (CPI) measures the average change over time in prices paid by urban consumers for a basket of consumer goods and services. CRISIL report stated, " We expect headline inflation to average 3.5 per cent this fiscal from 4.6 per cent in the last. Healthy agricultural production is expected to keep food inflation in check. As ...