The week in charts: Inflation heat, export shift, tracking services production
Retail inflation in India rose to 4.4% in June, surpassing the Reserve Bank of India's medium-term target of 4% for the first time since January 2025. The increase, driven by higher food and fuel prices, saw food inflation surge to 5.3%, with notable spikes in prices for ginger and garlic. Analysts expect inflation to remain elevated due to ongoing weather-related risks and geopolitical tensions in West Asia.