India's July retail inflation accelerated to 4.45% due to higher food prices, up from 4.38% a month ago, a pace unlikely to alter the Reserve Bank of India's rate outlook.
The July inflation figure was largely in line with economists' expectations and marked the second consecutive month that inflation breached the RBI's 4% medium-term target. Food inflation climbed to 5.52% in July from 5.32% in June, driven by weak monsoon showers. Despite this, economists anticipate limited pass-through to consumers due to the absence of significant revisions in domestic retail fuel prices, even as transport inflation accelerated to 4.43% in July from 4.31% in June.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Crusoe abandons $1.25 billion plan, will no longer use Boom Supersonic turbines to build AI data centers.
-
2
U.S. diesel prices are nearing the record high of $6.50, with the White House weighing a tax holiday and easing "red diesel" regulations, while an export ban remains under evaluation.
-
3
German Chancellor Merz faces government crisis as far-right AfD makes strong gains in recent local elections amid economic and migration fears
-
4
Vitalik Buterin reposts nero_eth's tweet, highlighting Glamsterdam's snap v2 technology to enhance Ethereum node synchronization speed and simplicity
-
5
The White House stated that the US and China agreed to establish an AI "communication channel" following the summit.
-
6
EDAT (EnviDa) Project Status and Market Analysis
-
7
XRP Ledger's Batch upgrade slips to Oct. 9 after validator support briefly fell below 80% threshold, resetting activation clock
-
8
Can Ethereum lead the next bull market and surpass Bitcoin in market capitalization?
-
9
Audemars Piguet CEO says Royal Pop collaboration with Swatch is breaking sales records despite luxury watch slump and tariffs
-
10
BELT Token: Belt Finance Governance Token Functionality and Current Market Overview
Markets Today
Recommended Reading





