Fuel price hikes, weak rains show impact as inflation crossed 4% in June after 16 months
India's Consumer Price Index (CPI) inflation rose to 4.38% in June, marking the highest increase in 18 months, driven by rising food prices and fuel costs. Food inflation increased to 5.32% from 4.78% in May, while personal transport inflation surged to 7.35% from 3.06%. The Reserve Bank of India's forecast for inflation was 4.2% for the April-June quarter, indicating a significant impact from fuel price hikes and weak monsoon rains.