India CPI inflation rises to 4.45% in July 2026; food inflation at 5.52%
India’s provisional CPI inflation was 4.45% year on year in July 2026, compared with final June inflation of 4.38%; food inflation was 5.52%.
What changed
MoSPI reported provisional all-India CPI inflation of 4.45% for July 2026. Rural inflation was 4.84%, urban inflation 3.96% and CFPI food inflation 5.52%.
Why it matters
Inflation affects real household purchasing power, input-cost expectations, bond yields and the monetary-policy debate.
Who is affected
Households, investors, borrowers, lenders, businesses and economic-policy watchers.
Action required
For decisions tied to interest rates or pricing, use the full CPI basket and RBI guidance rather than a single monthly print. Track subsequent revisions and category-level movement.
What happened
India’s provisional CPI inflation was 4.45% year on year in July 2026, compared with final June inflation of 4.38%; food inflation was 5.52%. Headline CPI: 4.45% year on year. June 2026 final CPI: 4.38%. Rural CPI: 4.84%; urban CPI: 3.96%. CFPI food inflation: 5.52%. The current CPI series uses base 2024=100.
Why it matters
The headline print moved slightly higher, but the composition matters. Food, housing and other groups can move differently, while policy decisions look at persistence, expectations and the growth-inflation balance rather than one data point. Inflation affects real household purchasing power, input-cost expectations, bond yields and the monetary-policy debate.
What readers should do
For decisions tied to interest rates or pricing, use the full CPI basket and RBI guidance rather than a single monthly print. Track subsequent revisions and category-level movement.
Finin2min verification note
The July number is provisional. Finin2min will update only if the official statistical release revises the series. The source link above is the evidence anchor for this story. Where the item is a consultation, proposal or policy speech, it is expressly labelled as such and is not presented as final law.
Date relevance check
Source and event are current for the 11–15 August 2026 review window.
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