Retail inflation tops 4% in June after 16 months; food inflation climbs to 5.32%
India's June CPI hit 4.38%, up from May's 3.93%, breaching the RBI's 4% midpoint for the first time in 16 months. Food inflation at 5.32% and transport at 4.31% signal renewed margin and pricing pressure for grocery and consumer retailers, with RBI expected to hold the repo rate at 5.25% in August.
India's June retail inflation hit 4.38%, an 18-month high, with food inflation at 5.32%. Rising food and transport prices signal margin and pricing pressure for grocery and consumer retailers, while RBI is expected to hold rates in August.