According to a Reuters poll of economists, India's retail inflation probably decreased to an eight-year low of 1.76% in July, primarily because of falling food prices. This figure dips below the Reserve Bank of India’s (RBI) acceptable range of 2% to 6% for the first time in more than six years. Even with irregular monsoon trends, a robust spring harvest has eased food inflation, prolonging the nation’s longest disinflationary phase in over ten years. The RBI held its policy rate at 5.5% on Wednesday, characterizing the inflation forecast as more favorable. The yearly Consumer Price Index (CPI) increase is expected to have declined from 2.1% in June to 1.76% in July, according to a survey carried out from August 4-8. This would represent the ninth straight month of falling inflation. Ms. Sakshi Gupta, the principal economist at HDFC Bank, mentioned that a decline in food inflation is fueling the trend, backed by strong supplies from last year. Core inflation, removing unpredictable items like food and energy, is anticipated to have decreased marginally to 4.2% in July, down from 4.3% in June. Inflation, as indicated by the Wholesale Price Index (WPI), was anticipated to decrease to -0.3% in July, down from -0.13% in June. The positive inflation conditions grant the RBI enhanced freedom to bolster the economy in the face of external difficulties, such as rising US tariffs on Indian products