India's annual inflation rate breaches the RBI target for the first time in 16 months rising to 4.38% in June

June CPI Y/Y 4.38% vs 4.30% expected Prior 3.93% Full report here India's annual inflation rate rose to 4.38% in June, breaching the central bank's medium-term target for the first time in 16 months, driven primarily by rising food and fuel costs amid geopolitical tensions in the Middle East and a delayed monsoon. The inflation print came in higher than the…

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