India's retail inflation rose to 4.38% in June, surpassing the RBI's 4% target after 17 months, driven by higher food and fuel prices amid economic growth concerns.
Food and fuel prices drove inflation spike
Jul 13, 2026
04:22 pm
What's the storyIndia's retail inflation surged to 4.38% in June, breaching the Reserve Bank of India's (RBI) medium-term target of 4%.
The spike was mainly driven by rising food and fuel prices, along with geopolitical tensions in West Asia and concerns over an uneven monsoon.
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