Retail inflation eases in July, what it means for you

India’s retail inflation stayed nearly steady in July halting an eight month surge despite firmer food prices as oil price continued to stay subdued. Retail inflation staying within the RBI’s comfort range of 4% within a band of plus or minus 2% could encourage the central bank to consider a further reduction in policy rates considering the deceleration in industrial output seen in June owing to a slowdown in manufacturing and mining output.