Retail inflation jumps to 4.38% in June, driven by food, jewellery prices; breaches RBI’s 4% target

India’s retail inflation increased to 4.38 percent in June from May’s 3.93 percent. Higher food prices significantly pushed up the overall Consumer Price Index for the month. Ginger and tomatoes saw substantial year-on-year price increases, contributing to the overall rise. However, some items like potatoes and peas became cheaper compared to last year. Rural areas experienced higher inflation rates than urban centers during this period.