Finance Minister Nirmala Sitharaman on Wednesday said inflation has eased to a manageable level in India in the past few months. "Some...are red-lettered (priorities), some may not be. Red-lettered ones would...be jobs, equitable wealth distribution," she said. "In that sense, inflation is not red-lettered," she added. As per data, retail inflation softened to 6.71% in July in India.