Retail inflation jumps to 4.38% in June, breaching RBI's 4% target on food and jewellery prices
India's CPI rose to 4.38% in June from 3.93% in May, crossing the RBI's 4% target. Food inflation hit 5.32%, with tomatoes up 31.92% and ginger 50.41%. Jewellery pressures intensified as gold/diamond/platinum rose 36.82% and silver surged 133.21%—squeezing grocery, food and jewellery retail margins and demand.
India's June retail inflation rose to 4.38%, breaching RBI's 4% target, driven by food and sharp jewellery price gains (gold 36.82%, silver 133.21%)—relevant to grocery, food, and jewellery retail categories.