Retail inflation jumps to 4.38% in June, driven by food, jewellery prices; breaches RBI's 4% target
India's retail inflation rose to 4.38% in June 2026, breaching the RBI's 4% target, up from 3.93% in May.
Food inflation, measured by the Consumer Food Price Index (CFPI), accelerated to 5.32% in June from 4.78% in May.
Ginger prices surged 50.41% year-on-year, and tomatoes rose 31.92%, while gold, diamond, and platinum jewellery saw 36.82% inflation.
Items like potatoes and peas became cheaper year-on-year, with potato prices down 20.3% and peas down 9.67%.
Rural areas experienced higher retail inflation at 4.74% compared to 3.92% in urban centres.
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