{
  "id": 658984,
  "title": "CPI data: Retail inflation moves up to 4.45% in July; above RBI's target for 2nd month",
  "url": "https://urgent.news/2026/08/12/cpi-data-retail-inflation-moves-up-to-4-45-in-july-above-rbis-target",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T10:53:40.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/cpi-data-retail-inflation-moves-up-to-4-45-in-july-stays-above-rbis-target-for-second-month/articleshow/133179865.cms"
  },
  "original_language": "en",
  "account": "The Consumer Price Index (CPI) for July 2026 showed a retail inflation rate of 4.45%, surpassing the Reserve Bank of India's target of 4% for the second consecutive month. The All India Consumer Price Index, using 2024 as the base year, recorded a provisional year-on-year inflation rate of 4.45% for July 2026, up from 4.38% in June. Rural India saw higher inflation at 4.84%, compared to 3.96% in urban areas.\n\nFood inflation, measured by the All India Consumer Food Price Index, was 5.52% year-on-year in July 2026, with rural food inflation at 5.79% and urban at 5.05%. Housing inflation stood at 2.22% in July 2026, with rural areas at 2.80% and urban areas at 2.01%.\n\nThe Reserve Bank of India maintained policy rates unchanged but lowered the full-year inflation forecast and raised GDP growth projections. The Monetary Policy Committee noted that headline CPI inflation edged up above the target, largely due to fuel and food prices. Core inflation, excluding precious metals, remained benign. RBI Governor Sanjay Malhotra projected that headline inflation would rise further in the near term, peaking in Q3 2026-27, before moderating.",
  "summary": "Based on the All India Consumer Food Price Index (CFPI), provisional food inflation stood at 5.52% year-on-year in July 2026. Rural food inflation was estimated at 5.79%, whereas the corresponding rate for urban India was 5.05%.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 12,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "US CPI data set to show softer inflation in July as markets reassess Fed rate hike bets",
        "url": "https://urgent.news/2026/08/12/us-cpi-data-set-to-show-softer-inflation-in-july-as-markets-reassess",
        "published": "2026-08-12T08:30:00.000Z"
      },
      {
        "outlet": "Hindu BusinessLine",
        "title": "Groww adds over 70,000 active clients in July: NSE data",
        "url": "https://urgent.news/2026/08/12/groww-adds-over-70-000-active-clients-in-july-nse-data",
        "published": "2026-08-12T09:56:45.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "India’s July inflation quickens to 4.45% from 4.38% in June, stays above RBI target",
        "url": "https://urgent.news/2026/08/12/indias-july-inflation-quickens-to-4-45-from-4-38-in-june-stays-above",
        "published": "2026-08-12T10:34:13.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "India’s inflation accelerates to 4.45% in July, raising hopes of a rate hike later this year",
        "url": "https://urgent.news/2026/08/12/indias-inflation-accelerates-to-4-45-in-july-raising-hopes-of-a-rate",
        "published": "2026-08-12T11:01:06.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "India July inflation accelerates to 4.45%, unlikely to alter RBI rate outlook",
        "url": "https://urgent.news/2026/08/12/india-july-inflation-accelerates-to-4-45-unlikely-to-alter-rbi-rate",
        "published": "2026-08-12T11:21:45.000Z"
      },
      {
        "outlet": "Guardian Business",
        "title": "US inflation cooled slightly to 3.4% in July, according to latest data",
        "url": "https://urgent.news/2026/08/12/us-inflation-cooled-slightly-to-3-4-in-july-according-to-latest-data",
        "published": "2026-08-12T12:39:46.000Z"
      },
      {
        "outlet": "The Hill",
        "title": "Inflation fell in July as Iran war marches on",
        "url": "https://urgent.news/2026/08/12/inflation-fell-in-july-as-iran-war-marches-on",
        "published": "2026-08-12T12:46:18.000Z"
      },
      {
        "outlet": "WSJ Economy",
        "title": "The inflation rate cooled to 3.4% in July, the Labor Department said Wednesday, lower than June’s 3.5%",
        "url": "https://urgent.news/2026/08/12/the-inflation-rate-cooled-to-3-4-in-july-the-labor-department-said",
        "published": "2026-08-12T13:03:00.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "CPI report shows inflation eased in July to a 3.4% annual pace",
        "url": "https://urgent.news/2026/08/12/cpi-report-shows-inflation-eased-in-july-to-a-3-4-annual-pace",
        "published": "2026-08-12T13:05:05.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "US inflation cools slightly to 3.4pc in July",
        "url": "https://urgent.news/2026/08/12/us-inflation-cools-slightly-to-3-4pc-in-july",
        "published": "2026-08-12T13:40:03.000Z"
      },
      {
        "outlet": "NPR",
        "title": "Inflation eases in July as gasoline and grocery prices fall",
        "url": "https://urgent.news/2026/08/12/inflation-eases-in-july-as-gasoline-and-grocery-prices-fall",
        "published": "2026-08-12T14:00:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}