The Ministry of Statistics and Programme Implementation (MoSPI) released India's Consumer Price Index (CPI)-based retail inflation data for June 2026. The inflation figure remains below the RBI's 4% target, aided by fuel price cuts effective July 1, 2026 (petrol down ₹5/litre, diesel down ₹3/litre) and easing food prices. Rural and urban inflation differ, with food prices — particularly vegetables and cereals — showing moderation. The Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, monitors CPI inflation for policy rate decisions. India's Monetary Policy framework mandates maintaining CPI at 4% (±2%).
Economy
India CPI Retail Inflation for June 2026 Released by MoSPI — Below 4% RBI Target; Food Prices Ease After Fuel Cuts
Key Points
- The Ministry of Statistics and Programme Implementation (MoSPI) released India's Consumer Price Index (CPI)-based retail inflation data for June 2026
- The inflation figure remains below the RBI's 4% target, aided by fuel price cuts effective July 1, 2026 (petrol down ₹5/litre, diesel down ₹3/litre) and easing food prices
- Rural and urban inflation differ, with food prices — particularly vegetables and cereals — showing moderation
- The Monetary Policy Committee (MPC), chaired by RBI Governor Sanjay Malhotra, monitors CPI inflation for policy rate decisions
- India's Monetary Policy framework mandates maintaining CPI at 4% (±2%)
📋
📎 Read original source ↗Exam Note
• India CPI June 2026: released by MoSPI (July 20, 2026); below RBI's 4% target • Factors: fuel price cuts (July 1, 2026: petrol ₹5↓, diesel ₹3↓) + easing food prices • RBI inflation target: 4% (±2%); MPC chair: RBI Governor Sanjay Malhotra • MoSPI: Ministry of Statistics and Programme Implementation; releases CPI monthly
