七月印度通货膨胀率降低
India's wholesale price index slowed again in July, rising 6.87%, which was lower than had been expected.
七月份印度批发价格指数再次放缓,增长6.87%,低于预期。
That figure is down from 7.25% in June and 7.55% in May.
The slowing inflation was largely due to fuel prices, although the rises in food prices also slowed slightly.
While inflation is still higher than the government would like, the figures make an interest rate cut more likely in September, when the next Reserve Bank of India decision is due.
"The September rate decision will likely be a judgment call by the central bank on whether they want to show confidence in the new finance minister and support growth, or stick to the tougher line," said Dariusz Kowalczyk at Credit Agricole CIB in Hong Kong.
"Weak industrial output and very poor exports suggest that there is rate cut scope, but we need to see how the monsoon develops and what the outlook will be for food prices by then."
Food prices rose just over 10% in the year to July, down from the 10.8% in the year to June.
Fuel inflation slowed to 6.0% in July from 10.3% in June.