What's NewLower fuel price leads to marginal easing of retail inflation in July 2019.

India's CPI inflation marginally eased to 3.15% year-on-year (YoY) in July 2019 from 3.18% YoY in June 2019. Retail inflation has continued to remain below RBI's median inflation target of 4% for more than a year. The softening of headline inflation was on account of lower fuel prices, which contracted to -0.4% YoY for the first time since the introduction of the new base year (2011-12). We believe the moderate dip in inflation is in line with the weak demand conditions in the economy. (August 13, 2019)

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