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fxAug 12, 2026, 10:41 AM

India CPI Inflation Rises to 4.45 Percent in July, Below Forecast

India's consumer price index rose 4.45% year-over-year in July, accelerating from 4.38% in June but falling slightly short of market expectations, according to official data.

INRUSD

India's annual consumer inflation rate edged up to 4.45% in July from 4.38% in June, data released Wednesday by the Ministry of Statistics and Programme Implementation showed. The figure came in just under economists' forecasts.

The slight pickup in price pressures marks a modest acceleration after the previous month's easing. Core inflation and food prices were not detailed in the initial release.

Market participants are watching for any signals that may influence the Reserve Bank of India's policy stance, but the miss versus expectations could temper tightening bets.

Source: FXStreet Forex News