Retail inflation slips to 8-yr low of 1.6% in July

India's retail inflation hit an eight-year low of 1.6% in July, driven by moderating food prices and a favorable base effect. This marks the ninth consecutive month of easing inflation, with food inflation declining by 1.8%. Experts anticipate the RBI will maintain a cautious approach to interest rates, closely monitoring the impact of US tariffs on economic growth.