Retail inflation in July fell to the lowest since August 2019
But your household budgets are unlikely to have seen any relief
At 5.1% of gross domestic product (GDP) in 2022-23, the net financial assets of Indian households accounted for 12.3% of their total wealth.
India's own consumer price growth, which has remained above the Reserve Bank of India's 2% target, was much higher than the rates in many other countries.
The effects of rising monetary policy rates on activity partly depend on housing and mortgage
Retail inflation remained above the mid-point of the central bank's target of 4 -2 for the 23rd straight month, but it has started to ease from the 7.8% level seen in April.
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