4.38%: Inflation Tops the Line, and the Rate Debate Reopens

Blitz India Business Start with the print. India’s headline CPI inflation rose to 4.38% in June from 3.93% in May — a 45 basis-point jump that lifts the index just above the Reserve Bank’s 4% target for the first time since December 2024. It stays well inside the 2–6% tolerance band, but the direction, not…