INDIA'S JULY RETAIL INFLATION ACCELERATES TO 4.5% ON HIGHER FOOD PRICES

India's retail inflation, measured by the Consumer Price Index (CPI), rose to 4.5% in July, up from the previous month. The increase was primarily driven by a surge in food prices, pushing the inflation rate further above the Reserve Bank of India's 4% medium-term target. This data will be a key consideration for the central bank's upcoming monetary policy decisions.