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India Retail Inflation Hits 17-Month High of 4.38%

India's retail inflation rose to a 17-month high of 4.38% in June 2026, breaching the RBI's 4% target for the first time since January 2025. Food, transport and services costs led the rise, with oil and a patchy monsoon adding fresh risk to the outlook.

Abhijit Chowdhury•Jul 14, 2026•4 min read
India Retail Inflation Hits 17-Month High of 4.38%

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