Updated
Updated · IndexBox, Inc. · Jul 13
India's June CPI Hits 4.38% as Food Inflation Reaches 5.32%
Updated
Updated · IndexBox, Inc. · Jul 13

India's June CPI Hits 4.38% as Food Inflation Reaches 5.32%

3 articles · Updated · IndexBox, Inc. · Jul 13

Summary

  • June retail inflation came in at 4.38% year on year, with food inflation at 5.32%, according to India’s National Statistics Office.
  • Rural prices rose faster than urban ones: headline CPI was 4.74% in rural areas versus 3.92% in cities, while rural food inflation reached 5.45% against 5.09% urban.
  • Telangana posted the highest combined inflation among large states at 7.79%, followed by Tamil Nadu at 6.40% and Andhra Pradesh at 6.36%.
  • Silver jewellery remained the sharpest-rising item at 133.21%, while ginger jumped 50.41% and tomatoes 31.92%; potatoes stayed in deflation at minus 20.34%.
  • The June reading extends the recent pickup from 3.93% in May, reinforcing concerns that food and fuel pressures are pushing inflation back above 4%.

Insights

With a super El Niño and Mideast crisis looming, is India’s economy prepared for the perfect storm?
As climate shocks become the new norm, is India's inflation-fighting playbook now obsolete?
Is the central bank's rate hold a wise pause or a dangerous gamble against surging climate-fueled inflation?