India’s retail inflation rose to 4.45% in July from 4.38% in June, as food prices remained elevated and pushed overall price pressures higher, according to data released by the government on Wednesday.
The latest consumer price index (CPI) reading remained above the Reserve Bank of India’s medium-term inflation target of 4%. Inflation had crossed the central bank’s target in June after remaining subdued for a prolonged period.
RBI is mandated to maintain headline retail inflation at 4%, while allowing it to move within a tolerance band of 2% to 6%, for the five-year period from April 1, 2026, to March 31, 2031.
