India's consumer price inflation slowed slightly to 10.02 percent in June from 10.36 percent a month ago, data from the Central Statistics Office showed Wednesday.
Food and beverages costs climbed 10.71 percent and fuel and light costs grew 10.34 percent. The increase in clothing and footwear cost was 11.04 percent.
Inflation, based on benchmark wholesale price index, fell to 7.25 percent from 7.55 percent in May.
Although the economy is undergoing a weak growth pace, the Reserve Bank of India is seen holding the key interest rates at the current levels, given high inflation figures and weak currency. The rate decision is due on July 31.
by RTT Staff Writer
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