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India macro › CPI inflation › June 2026

CPI inflation, June 2026: 4.38%

India's consumer price inflation rose to 4.38% in June 2026 from 3.93% in May, the highest since December 2024. Food inflation was 5.05%, against 4.55% the month before. That is inside the RBI's 2–6% tolerance band, above its 4% target. The repo rate was 5.25% at the end of the month, 0.87 points above inflation.

June 2026May 2026June 2025
CPI inflation4.38%3.93%2.10%
Food inflation5.05%4.55%−0.15%
CPI inflation, food inflation and the repo rateJul 2023 – Oct 2026
−5%0%5%10%15%202420252026New CPI base (2024)4.38%
Year-on-year inflation for All India, rural and urban combined. The CPI moved to a 2024 base in January 2026, so the figures either side of the dashed line come from different series.

Source: Ministry of Statistics and Programme Implementation (MoSPI). MoSPI revises earlier periods as fuller data arrives; this page shows the latest published figure. The latest figures for every indicator are on the India macro dashboard.