For the six months through March, the RBI slightly raised its inflation projection - already above its 4 percent medium-term target - to 4.3-4.7 percent. Photograph: (Reuters)
The rise was slower than 1.70 percent forecast by economists in a Reuters poll
India's annual consumer price inflation further eased to 1.54 percent in June, helped by a fall in food prices, government data showed on Wednesday.
The rise was slower than 1.70 percent forecast by economists in a Reuters poll, and was the lowest since India started releasing retail inflation data in January 2012 based on a combined CPI index for rural and urban consumers.
Consumer prices rose 2.18 percent year-on-year in May.
Retail food prices fell 2.12 percent last month from a year ago, compared with a 1.05 percent fall in the previous month.