New Delhi: Retail Inflation Based on the Consumer Price Index (CPI) fell 5.59 percent in July such as to 6.26 percent in June, government data showed on Thursday.
Meanwhile, the factory output based on the industrial production index (IIP) grew 13.6 percent year-on-year in June behind good performance by manufacturing, mining and the electricity sector.
Ease in inflation figures can be largely associated with softening food prices.
According to data released by the National Statistics Office (NSO), inflation in a food basket slowed to 3.96 percent in July from 5.15 percent in the previous month.
The inflation number remains at the comfort level of the Bank of India (RBI) reserves after two months.
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Retail inflation subsided to 5.59% in July; IIP up 13.6% in June
