July Retail Inflation Rises to 4.45% on Food Prices

Exam-focused facts from the 15 August 2026 current affairs briefing.

Key facts

India's retail inflation rose to 4.45% in July 2026 from 4.38% in June, according to government data.
Food inflation, measured by the Consumer Food Price Index (CFPI), increased to 5.52% in July from 5.32% in June.
Rural inflation stood at 4.84% and urban inflation at 3.96% in July.
Onion inflation surged to 22.54% in July from 4.73% in June, while garlic inflation rose to 35.36% from 17.93%.
The Reserve Bank of India (RBI) lowered its FY27 inflation forecast to 5% from 5.1% and core inflation forecast to 4.3% from 4.7% at its August 5 monetary policy meeting.
RBI expects headline inflation to peak in Q3 of FY27, with quarterly projections of 4.1% (Q1), 4.7% (Q2), 5.9% (Q3), and 5.5% (Q4).