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India's June retail inflation quickens to 4.38%, crosses RBI's 4% target after 17 months
India's retail inflation reached 4.38 percent in June, exceeding the central bank's target. Elevated food and fuel prices contributed to this significant acceleration in price pressures. The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent during its review. Policymakers are balancing inflation risks with the need to support economic growth. Concerns remain about global energy prices and an erratic monsoon season.
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thehindubusinessline.com
Retail inflation likely to have breached 4% mark in June
Retail inflation is projected to exceed 4% in June, driven by rising food costs and global fuel price impacts.
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newsbytesapp.com
India's inflation likely to cross 4% mark
India's June CPI is projected at 4.24%, exceeding the Reserve Bank of India's 4% target for the first time in 18 months, following a recent fuel price hike.
