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 retail inflation rose to 4.45 percent in July from 4.38 percent in June, mainly due to increasing food prices. This is according to The Economic Times - Economy. The Reserve Bank of India's inflation prediction for FY27 has been adjusted down to five percent.
The reports also mention US inflation data, with Business Insider and FXStreet citing expectations of a modest cooling down in July. According to Business Insider, the consensus forecast is for inflation to decline to 3.4 percent. FXStreet forecasts the annual reading to retreat to 3.4 percent from 3.5 percent in June.
The Economic Times - Economy notes that, in India, excluding precious metals, core inflation appears to be under control.
Brief written by urgent.news from The Economic Times - Economy, Business Insider, FXStreet — 3 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.
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- India July inflation accelerates to 4.45%, unlikely to alter RBI rate outlook brecorder.com
- US inflation cools slightly to 3.4pc in July news.rthk.hk
- US inflation cooled slightly to 3.4% in July, according to latest data theguardian.com
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- 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
