New Delhi, July 13 -- India's retail inflation accelerated to 4.38% in June, above the Reserve Bank of India's 4% midpoint target for the first time since January 2025, according to provisional data released by the ministry of statistics and programme implementation on Monday.

The median estimate in a Mint poll of 18 economists had forecast retail inflation at 4.2% in June.

The latest Consumer Price Index (CPI) data can't be compared with the year-ago period because the index was reset in January. Retail inflation was recorded at a revised 2.74% in January, marking the debut of the new series with 2024 as the base year. Prices rose by 3.21% in February, 3.4% in March, 3.48% in April and 3.93% in May.

Although inflation remains within t...