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June inflation reaches 4.4%, exceeding RBI target first time in 17 months amid rising fuel prices, West Asia war

in5points
  1. India's CPI inflation rose to 4.4% in June 2026, the highest since December 2024 and first breach of RBI's 4% target in 17 months.

  2. The West Asia war drove fuel price increases, which were fully reflected in June CPI data for the first time.

  3. Food and beverages inflation rose to 5.3% in June from 4.8% in May, partly due to an adverse base effect.

  4. Core inflation (excluding food and fuel) increased to 4.1% in June from 3.7% in May.

  5. June CPI was the first to fully record the retail price hikes in petrol and diesel implemented after May 15.

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