<h1>Retail inflation hits six-year low at 2.1 percent in June driven by falling food prices</h1> Retail inflation dropped to 2.1 percent in June, marking a six-year low and approaching the central bank's comfort zone. The decline from 2.82 percent in May was driven by subdued food prices, particularly vegetables, due to widespread monsoon conditions. Food inflation turned negative at -1.06 percent, with vegetables declining 19 percent annually. Wholesale price inflation also turned negative at -0.13 percent after 19 months. The central bank has reduced lending rates by 100 basis points since February. Economists suggest potential for further rate cuts given the cooling inflation trend.