India's inflation gets a little hotter at 4.45% in July
India's retail inflation climbed to 4.45% in July, up from 4.38% in June, as food prices remained high and contributed to the overall price increase, according to government data released on Wednesday. The Consumer Price Index (CPI) reading stayed above the Reserve Bank of India's medium-term inflation target of 4%. Inflation surpassed the central bank's target in June after being relatively low for an extended period.
The RBI is tasked with maintaining headline retail inflation at 4%, with room for it to fluctuate between 2% and 6% for the five-year period starting April 1, 2026. A Reuters poll of 40 economists predicted retail inflation to rise to 4.50% in July from 4.38% in June.
Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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