Pickup in retail inflation flared up by food prices has halted India's disinflation process: RBI Bulletin

Inflation remains a significant concern for the Indian economy, as the uptick in June 2024 has halted its disinflation path. The Reserve Bank of India (RBI) reported that consumer price inflation increased after three consecutive months of moderation, with a flare-up in vegetables prices halting the overall disinflation. Inflation is approaching targets, but the pace of disinflation has slowed somewhat.