India's retail inflation rises to 4.45%, a second month above the RBI's 4% target

Macro/MoSPI/
India's retail inflation rises to 4.45%, a second month above the RBI's 4% target
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India's consumer price inflation quickened to 4.45% in July from 4.38% in June, official data showed, keeping it above the Reserve Bank of India's 4% target for a second straight month. Food prices led the increase at 5.52%. Rural inflation ran at 4.84% versus 3.96% in towns and cities. The reading stays inside the RBI's 2-6% tolerance band.

4 sources

  1. 01Forbes India — India Retail Inflation Hits 19-Month High in July 2026: CPI at 4.45%forbesindia.com
  2. 02FXStreet — Indian inflation accelerates to 4.45% in July, slightly below expectationsfxstreet.com
  3. 03Trading Economics — India Inflation Ratetradingeconomics.com
  4. 04MoSPI — Press Release of CPI for June 2026 (PDF)mospi.gov.in