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CPI Likely at 4.5% in July; Food Inflation Poses Upside Risk
India’s consumer price index is expected to settle at 4.5 per cent in July 2026, with upside risks from broad-based food inflation, according to a Bank of Baroda report.
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“CPI Likely at 4.5% in July; Food Inflation Poses Upside Risk”
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6 Aug 2026
New Delhi, Aug 6 (IANS) India’s consumer price index is expected to settle at 4.5 per cent in July 2026, with risks tilted to the upside as food inflation broadens across key items, a report said on Thursday.
The report from Bank of Baroda said inflation remains broad‑based across essential commodities, led by onions, edible oils, rice and pulses, although improved arrivals of key vegetables and a normal monsoon offer some comfort.
Core inflation (excluding food and fuel) is expected to remain contained at around 4–4.1 per cent, supported by softer international gold prices, though higher input costs could create upside pressure going forward.
