Keeping in mind the factors on crop prospects, it stands to reason that rate cuts are out, and an unchanged position can be expected.
June inflation rose above the RBI's 4% target, with food, oil prices and monsoon risks clouding the outlook, making a status quo on rates the likely policy choice
Food inflation in June increased to 5.32 per cent in June from 4.78 per cent in May, indicating renewed pressure on household food expenses
Rain can send vegetable prices soaring within days, while the impact on pulses and cereals may take months to emerge. Milk, edible oils and sugar follow very different inflation paths
Food accounts for nearly 40% of India's CPI basket. That makes the monsoon one of the earliest signals of whether inflation stays under control or becomes a policy concern
Headline inflation remains under control, but food prices are showing fresh signs of pressure. Here's what the latest inflation and crop data reveal
Retail inflation accelerated to 3.93 per cent in May, nearing the RBI's target, as higher food and transport costs offset the favourable base effect
Food inflation rose to 4.78 per cent in May, pushing up overall price pressures; rural inflation accelerated to 4.25 per cent, remaining above urban inflation at 3.53 per cent
RBI Governor Sanjay Malhotra said underlying inflation pressures remained benign, although second-round effects warranted vigilance
Nestle India chairman and MD Manish Tiwary says urban demand remained resilient while rural recovery depended on monsoon outcomes, farm income and government support
The report said companies have already increased prices by around 3 per cent to 7 per cent over the past one to two months after their raw material basket costs climbed nearly 10 per cent on average
The fuel and power category recorded the highest inflation among major groups at 24.71 per cent in April, compared with 1.05 per cent in March
India's policy focus this week will be on retail and wholesale inflation data, along with India-Oman trade talks
This year's adverse weather conditions will likely push inflation above 5 per cent in the fiscal year beginning April 1, exceeding the RBI's projection of 4.6 per cent
India's retail inflation rose to 3.4% in March, driven by higher food and fuel prices, with economists warning of further upside risks amid global uncertainties
Data showed rural inflation at 3.63 per cent, while urban inflation remained lower at 3.11 per cent
The International Monetary Fund, the World Bank and the World Food Programme have said that the war in the Middle East has triggered one of the largest disruptions to global energy markets and will inevitably lead to rising food prices and food insecurity. In a joint statement, the heads of the three organisations said the burden of rising food prices will fall most heavily on the world's most vulnerable populations. "The Middle East war is upending lives and livelihoods in the region and beyond. It has already triggered one of the largest disruptions to global energy markets in modern history. "Sharp increases in oil, gas, and fertiliser prices, together with transport bottlenecks, will inevitably lead to rising food prices and food insecurity," said the joint statement issued after a meeting of the heads of the three institutions on Wednesday. They said the three organisations will continue to monitor the developments closely and coordinate the use of all available tools to suppo
Centre says India is sitting on 36.5 per cent more fertiliser stocks as on March 6, compared to last year; farmers fully insulated from global shocks
Food's share in CPI falls sharply in 2024 series, boosting core inflation's role; rural weight declines but remains higher than urban consumption
The government has lifted wheat stocking restrictions imposed in May 2025 after private stocks rose sharply and prices softened, though weekly reporting and monitoring will continue