Retail inflation at 1.57%, slips to record low

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.

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Retail food prices fell 2.12 percent last month from a year ago, compared with a 1.05 percent fall in the previous month.

(Reuters)