India's food inflation declined in the week ended July 17, falling to single digit levels for the first time in many months while inflation in the fuel group remained elevated.
Inflation in the Primary Articles group also fell, the Government said on Thursday.
The stock market recovered some of the lost ground after the inflation announcement and the yield on the benchmark 10-year Government bond inched lower.
According to the data released today by the Commerce & Industry Ministry, inflation in the Food Articles group stood at 9.67% in the week ended July 17 versus 12.47% in the previous week.
Inflation in the Primary Articles group was at 14.5% as against 16.48% in the week ended July 10 while inflation in the Fuel & Power group rose to 14.29% from 14.27% in the preceding week.