India's consumer price inflation fell to 9.86 percent in July from 9.93 percent in June, the Central Statistics Office reported Tuesday.
Food and beverages costs advanced 11.53 percent and the cost of fuel and light climbed 7.36 percent in July.
Inflation, based on benchmark wholesale price index, eased to 6.87 percent in July, the lowest in more than two years.
The central bank maintained its key interest rate at 8 percent last month as lowering policy rates in the current situation will aggravate inflationary impulses without necessarily stimulating growth.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.