India’s July inflation quickens to 4.45% from 4.38% in June, stays above RBI target
India saw its retail inflation rise to 4.45 percent in July compared to June's 4.38 percent, largely due to rising food prices, which are keeping consumer costs elevated. The Reserve Bank of India has adjusted its inflation prediction for FY27 down to five percent. Excluding precious metals, core inflation seems to be under control. Experts anticipate that headline inflation will reach its peak…
India's July inflation accelerated to 4.45% compared to 4.38% in June, as food prices remained high and drove up overall price pressures, according to government data released on Wednesday. The Consumer Price Index (CPI) reading stayed above the Reserve Bank of India's (RBI) medium-term inflation target of 4%. Inflation surpassed the central bank's target in June after remaining low for a long time.
RBI is required to keep headline retail inflation at 4%, allowing it to fluctuate within a range of 2% to 6% for the period from April 1, 2026, to March 31, 2031. A Reuters poll of 40 economists forecasted retail inflation to increase to 4.50% in July from 4.38% in June. July inflation marked the highest level since India started using its revised CPI series with a new base year and updated consumption basket earlier this year.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- India July inflation accelerates to 4.45%, unlikely to alter RBI rate outlook brecorder.com
- US inflation cooled slightly to 3.4% in July, according to latest data theguardian.com
- US inflation cools slightly to 3.4pc in July news.rthk.hk
- Inflation fell in July as Iran war marches on thehill.com
- CPI data: Retail inflation moves up to 4.45% in July; above RBI's target for 2nd month timesofindia.indiatimes.com
- Inflation eases in July as gasoline and grocery prices fall npr.org
- US CPI data set to show softer inflation in July as markets reassess Fed rate hike bets fxstreet.com
- CPI report shows inflation eased in July to a 3.4% annual pace cbsnews.com
