Retail inflation rose to 4.38% in June, driven by food (5.32%) and transport costs. With monsoon 19.3% below normal and kharif sowing down 16%, the RBI MPC faces a complex decision at its August meeting amidst global rate hikes by ECB and Fed.
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- ›CPI Inflation (June): 4.38%
- ›Food Inflation (June): 5.32%
- ›Target this Data: CPI inflation June 2026 = 4.38%, food inflation = 5.32%
- ›Target this Nodal Body: RBI's Monetary Policy Committee (MPC) – next meeting in August
- ›Target this Factor: 19.3% below normal monsoon rainfall (since June 1) and 16% decline in kharif sowing
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