At 7.44%, India's retail inflation reaches 15-month high
Image Credit: NewsBytes
In July, India's retail inflation rate skyrocketed to a 15-month record of 7.44% YoY. It is a significant increase from June's 4.87%. This surge exceeded the Reserve Bank of India's (RBI) comfort zone of 2-6% and marked the end of four consecutive months within the target range. In May 2023, retail inflation was at a two-year low of 4.25%.