India's retail inflation rate dropped to its lowest level in eight years, as falling food prices, especially vegetables and pulses, squeezed the incomes of some farmers.

The wholesale inflation rate (WPI) in India has fallen to a two-year low of -0.58 percent in July. It has been in the negative zone for two consecutive months. India Wholesale Inflation: The wholesale inflation rate (WPI) in India has fallen to a two-year low of -0.

India's retail inflation in July dropped to its lowest level in eight years on the back of falling prices of food items including vegetables and pulses, hurting some farmers, but will have limited impact on the central bank's policy decision.

India’s annual rate of inflation based on the All India Wholesale Price Index (WPI) number fell to a two-year low of -0.58 per cent in July, staying in negative territory for the second consecutive month.

Wholesale inflation in India eased to a two-year low of -0.58% in July, due to a significant decline in food and fuel prices. The WPI print remains in the negative territory for the second consecutive month.