India’s July inflation quickens to 4.45% from 4.38% in June, stays above RBI target

India saw its retail inflation rise to 4.45 percent in July compared to June's 4.38 percent, largely due to rising food prices, which are keeping consumer costs elevated. The Reserve Bank of India has adjusted its inflation prediction for FY27 down to five percent. Excluding precious metals, core inflation seems to be under control. Experts anticipate that headline inflation will reach its peak in the third quarter before easing off.