India's June CPI inflation breaches RBI target at 4.38%
pre-market1 source ↓written by the desknot a recommendation
- in June
- 4.38%
- target
- 4%
- This increase
- 3.93%
- food inflation
- 5.32%
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, with food inflation at 5.32%. Both rural and urban inflation saw upward trends, indicating widespread price pressures across the economy.
Not investment advice. For informational purposes only.