Consumer enlargement in India slows down for the ninth month in a row – its lowest level since 2017

Government data on Tuesday showed that consumer enlargement in India continued to dilute in July, as it decreased for the ninth month in a row to 1.55 %, less than analysts.

The main inflation rate has decreased against the background of low growth in food prices, to its lowest level since June 2017. Economists have been opinion by Reuters had estimated inflation in July 1.76 %.

Food inflation, a major component of the consumer price index, has a -1.76 %, less than 1.06 % printing in June.

The inflation reading comes after the Indian Reserve Bank kept 5.5 % at the policy meeting last week. RBI said that inflation for the fiscal year ending in March 2026 “became more benign than expected,” adding that this is due to the sowing of autumn crops, as well as comfortable stocks of food pills.

The central bank expects inflation by 3.1 % for the fiscal year.

Tuesday’s CPI reading is provided for a more flexible monetary policy to support the Indian economy as it is wrestling with the trade tensions raised by the aggressive tariff policy of US President Donald Trump.

India faces definitions The total of 50 % at the end of this month. In addition to the “mutual” duties of 25 % already,, The White House has Another 25 % in definitions imposed, to enter into force on August 28, on India to buy oil from Russia.

The two countries were imprisoned in a war of words in the period before the date of Trump on August 7, where US President New Delhi was accused of financing the Russian war in Ukraine and India Calling both of them The United States and the European Union for its trade with Russia.

The economic growth in India came Better than expected For a quarter ending in March, expanding 7.4 % on an annual basis and sharply higher than growth expectations by 6.7 % by economists in a Reuters poll. RBI expectations GDP growth by 6.5 % for the year ending in March 2026.