India's June CPI inflation breaches RBI target at 4.38%
after close1 source ↓written by the desknot a recommendation
- in June
- 4.38%
- target
- 4%
- This increase
- 3.93%
- inflation climb
- 5.32%
- 4.78%
India's retail inflation rose to 4.38% in June, surpassing the Reserve Bank of India's 4% target for the first time in 17 months. This increase from 3.93% in May was driven by elevated food prices, which saw food inflation climb to 5.32% from 4.78%. Both rural and urban inflation also showed upward trends, indicating widespread price pressures.
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