Economy

Retail inflation hits 19-month high of 4.45% in July 2026

India’s retail (CPI) inflation rose to a 19-month high of 4.45% in July 2026, driven by costlier food and fuel. While food, restaurant and accommodation services and transport became more expensive during the month, some other services such as healthcare, recreation, sports and culture saw inflation cooling marginally, keeping the overall rise partly in check.

Nabka Insight

Headline retail inflation touches a 19-month high, above RBI’s comfort.

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Key facts

  • Retail (CPI) inflation at 4.45% in July 2026
  • This is a 19-month high
  • Food, transport and accommodation costlier
  • Healthcare and recreation inflation eased slightly

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