India's Retail Inflation Rises to 4.45% in July

India's retail inflation accelerated to 4.45% in July, driven primarily by rising food prices, marking the second consecutive month above the RBI's target band.

The Consumer Price Index (CPI) data, released by the government, suggests persistent inflationary pressure that may force the RBI to maintain current interest rates.

Economists warn that if food inflation remains elevated, the central bank may be compelled to consider a rate hike in the upcoming monetary policy committee meeting.