Retail inflation hits 18-month high of 4.4% in June 2026 on higher food and fuel prices
Retail inflation in India rose to 4.4% in June 2026, marking an 18-month high and surpassing the Reserve Bank of India's 4% target for the first time since December 2024. This increase is attributed to higher food and fuel prices, with economists forecasting further food inflation in July due to a lacklustre monsoon. The rising inflation could prompt the Reserve Bank to reassess its monetary policy in the coming months.