India’s retail inflation eases to 8-year low of 1.55% in July; experts see benign outlook ahead

India's retail inflation saw a significant drop in July. It reached a low of 1.55%, the lowest in over eight years. This decline was mainly due to lower food prices. The Reserve Bank of India had earlier cautioned about possible inflation increases. Experts believe inflation will remain within the RBI's target range. This provides room for economic growth.