India’s July inflation quickens to 4.45% from 4.38% in June, stays above RBI target
India's retail inflation rose to 4.45% in July, up from 4.38% in June, driven by elevated food prices, according to government data. This reading remains above the Reserve Bank of India's (RBI) medium-term target of 4%, marking the highest inflation since the revised consumer price index was adopted earlier this year. The increase in food prices was particularly notable in onions, garlic, and ginger, while some vegetables saw price declines.