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June retail inflation came in at 10.02 per cent, lower than the 10.36 per cent (final) recorded in the previous month.
With retail inflation, as measured by all-India general consumer price index, continuing at double-digit levels, the RBI is unlikely to cut policy rates on July 31, say economy watchers.
The provisional inflation rates for rural and urban areas for June 2012 are 9.74 per cent and 10.44 per cent, respectively, the Central Statistics Office announced today.
Inflation rates (final) for rural and urban areas for May 2012 are 9.57 per cent and 11.52 per cent, respectively.
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