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India retail inflation rises to 4.38 percent in June
Times of India··13 Jul
Times of India reported that India's retail inflation rose to 4.38% in June from 3.93% in May, breaching the RBI's 4% target, as food prices pushed up the Consumer Price Index. MoSPI provisional data showed food inflation at 5.32%, with rural inflation at 4.74% against 3.92% in cities across surveyed markets. according to the officials
Prism
What It Means For You
- Household food budgets face renewed pressure from vegetable price spikes.
- Jewellery buyers are paying sharply higher prices for gold and silver.
- Rural consumers are seeing stronger inflation than city residents.
What's Happening
- June retail inflation rose to 4.38%, above the RBI's 4% target.
- Food inflation accelerated to 5.32% from 4.78% in May.
- MoSPI will release July CPI data on August 12.
Price Trends
- Ginger and tomato prices led food category increases.
- Precious metal jewellery inflation remained exceptionally high.
- Some staples and vehicles were cheaper than a year ago.
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