India's retail inflation breaches RBI's midpoint target for second successive month, rises to 4.45% in July
India's retail inflation rose to 4.45% in July, surpassing the RBI's midpoint target for the second consecutive month. Food inflation increased to 5.52%, driven by higher petrol and diesel prices. The RBI's Monetary Policy Committee revised its inflation projection for August to 5%, citing risks from a potential below-normal monsoon and elevated energy prices, which may impact growth.