India's retail inflation reached a four-month high of 5.08% in June due to rising food prices.
India's retail inflation reached a four-month high of 5.08% in June, primarily driven by rising food prices, according to the National Statistical Office. Food inflation increased to 9.36% in June, up from 8.69% in May. The Reserve Bank of India (RBI) has projected the Consumer Price Index (CPI) inflation for the 2024-25 fiscal year at 4.5%, with quarterly estimates of 4.9%, 3.8%, 4.6%, and 4.5% respectively. The central bank factors retail inflation into its bi-monthly monetary policy decisions.
July 12, 2024
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