Retail inflation likely to decline further to 2.3% in June: Poll

India’s retail inflation is likely to decline further to 2.3% in June from 2.8% in May, according to a Mint poll of 20 economists.

- Manjul Paul

The continued moderation in food inflation drove retail inflation to a new low in over six years, supporting the preemptive rate cut of 50 basis points by the Reserve Bank of India (RBI) at its last month's policy meeting.

Economists polled by