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India's Retail Inflation Surges Above 4% Target

India’s retail inflation increased to 4.38% in June 2026, rising from 3.93% in May, marking the first time in 17 months that inflation crossed the RBIs 4% target. The rise was mainly driven by higher food, with food inflation reaching 5.32%. The latest data has raised concerns about price stability and could influence future monetary policy decisions.