Economy
India's Retail Inflation (CPI) Rises to 4.45% in July 2026 Under New Base Year
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· Economy
India's Retail Inflation (CPI) Rises to 4.45% in July 2026 Under New Base Year
What Happened?
The Ministry of Statistics and Programme Implementation (MoSPI) released data on 12 August 2026 showing that India's year-on-year Consumer Price Index (CPI) based retail inflation for July 2026 stood at 4.45% (provisional), up from 4.38% in June 2026. The figures are based on the new CPI series with base year 2024=100.
Key Highlights
- Rural inflation: 4.84%; Urban inflation: 3.96%
- Consumer Food Price Index (CFPI) inflation: 5.52%
- Housing inflation: 2.22%
Why It Matters
Retail inflation data is closely watched by the Reserve Bank of India for monetary policy decisions and is a key indicator in TNPSC Economy questions on price indices and inflation trends.
Important Facts
| Item | Detail |
|---|---|
| CPI Inflation, July 2026 | 4.45% (Provisional) |
| CPI Inflation, June 2026 | 4.38% |
| Base Year | 2024=100 |
| Releasing Body | MoSPI |
TNPSC MCQs
- What was India's CPI-based retail inflation for July 2026?
a) 3.96% b) 4.38% c) 4.45% d) 5.52%
Answer: c) 4.45%
Explanation: MoSPI data showed CPI inflation at 4.45% (provisional) for July 2026. - The new CPI series released in 2026 uses which base year?
a) 2011-12 b) 2020 c) 2024 d) 2026
Answer: c) 2024
Explanation: The new CPI series uses 2024 as the base year (2024=100). - Which ministry releases India's monthly Consumer Price Index data?
a) Ministry of Finance b) Ministry of Statistics and Programme Implementation c) Reserve Bank of India d) NITI Aayog
Answer: b) Ministry of Statistics and Programme Implementation
Explanation: MoSPI compiles and releases the CPI data every month.
Written by: Janani — Content Editor, TNCareerHub
Published:
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