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A rise in India’s July retail inflation was a foregone conclusion, but its modest increase, at 4.45%, up from 4.38% in June, is still the highest in 19 months, since December 2024. This is the second consecutive month that retail inflation has stayed above the Reserve Bank of India (RBI)’s 4% target, even while remaining…
India’s retail inflation breached the RBI’s 4% target for the first time under the new CPI series, rising to 4.38% in June from 3.93% in May and about 2.7% a year earlier. The latest print reflects a broader pass-through of price pressures that had, until recently, remained concentrated at the producer level, largely driven by…
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