India’s retail inflation accelerates to 5.1% in June as food inflation nearly doubles YoY

In June, India's retail inflation rose to 5.08% annually from a 12-month low of 4.75% in the previous month, according to government data. Factors contributing to the increase include heatwaves, below-normal monsoon rains, and higher prices for fruits and vegetables. Food inflation specifically rose to 9.55% in June, with items like tomatoes, onions, and potatoes experiencing significant price hikes due to weather-related disruptions in agricultural production.
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