Retail inflation breaches RBl's midpoint target for third successive month
Retail inflation in India, measured by the Consumer Price Index, reached 4.9% in August, marking the third consecutive month above the Reserve Bank of India's midpoint target. Food inflation rose to 5.95%, influenced by rising energy prices and potential impacts from El Niño. The RBI's Monetary Policy Committee now projects inflation to peak in Q3 FY27, with risks from volatile food and energy costs.