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Retail Inflation Rises to 4.45% in July, Stays Above RBI Target Second Month

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India's retail inflation climbed to 4.45% in July 2026, exceeding the Reserve Bank of India's target for the second consecutive month. Consumer food price inflation stood at 5.52% year-on-year, according to the All India Consumer Food Price Index. Rural food inflation was higher at 5.79%, while urban food inflation was comparatively lower at 5.05%. The data highlights a persistent divergence between rural and urban food price pressures across the country.

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