# India’s retail inflation holds steady at 4.45% in July 2026-08-13T04:42:04+00:00 | Governance | Indian Opinion Desk Corroboration: 2 independent outlets India's retail inflation edged up to 4.45% in July from 4.38% in June, remaining above the RBI's 4% target but within its 2%-6% tolerance band, according to official CPI data. The rise was driven by food prices (onion up 22.5%, garlic 35.4%, ginger 83.6%) and transport fuel inflation at 7.55%, while core inflation stayed flat at 4%. The Hindu reports rural food inflation rose to 5.79% from 5.45% in June, while urban food inflation eased marginally. The MPC expects CPI inflation to average 5% in 2026-27, with the June quarter coming in 30 basis points below its estimate. The RBI is likely to keep the repo rate on hold through the second quarter, balancing supply-side price pressures against weakening economic momentum as the HSBC composite PMI fell to a near two-year low of 54.3 in July. ## Coverage - hindustantimes.com - thehindu.com Tags: CPI, food inflation, fuel prices, monetary policy, RBI, retail inflation Canonical: https://indianopinion.org/india-retail-inflation-holds-steady-at-4-45-in-july/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/india-retail-inflation-holds-steady-at-4-45-in-july/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.