India’s July 2026 inflation data due today:Onion, tomato, pulses cooking oil prices surge — 3 factors to blame

The Central Government is expected to publish the Consumer Price Index (CPI) based inflation data for July 2026 at 4 pm on Wednesday, 12 August, 2026. Analysts expect retail inflation to rise for the seventh straight month in July 2026. Both retail wholesale inflation on the rise in India: CPI Inflation in India has started to rise of late due to the Iran war-led disruptions. The metric had edged higher to 4.38% in June, compared to 3.93% recorded in May. Retail Inflation may breach RBI’s 4% target for 2nd time in a row
The inflation figures had remained below the Reserve Bank of India’s (RBI) target of 4% for 15 straight months till May. And analysts expect the inflation metric to breach the apex bank’s target of 4% for the second consecutive time in July 2026. Wholesale inflation rose to 44-month high in June Wholesale price inflation had jumped to a 44-month high of 9.87% in June from 9.68% in May. India’s inflation – What Sitharaman said? Finance Minister Nirmala Sitharaman said in Parliament on Tuesday, 11 August, 2026, that inflation rose due to commodity price shocks triggered by the West Asian crisis and high international energy prices. In the first quarter of 2026-27, retail inflation rose to 3.9% due to seasonal spikes in vegetable prices and concerns over the adverse effects of El Niño. Impact of Iran war on India’s inflation – What RBI said? The RBI in the recently held Monetary Policy Committee (MPC) August 2026 meet, had marginally revised downward India’s FY27 inflation forecast from 5.1% to 5.0%. Albeit, Governor, Sanjay Malhotra had alerted that there were still risks that inflation might again rise in India due to volatile crude oil prices and probable weather disturbances because of El Nino. Oil price – Iran war peak Crude oil prices had risen by 71% in between the Iran war from $70 a barrel to as high as $120 per barrel for a brief period. This has had a cascading effect on prices of those commodities that are especially shipped from the Gulf countries. Eventually, July would be the seventh straight month of rise in the country’s inflation compiled under the new base year series. Govt to roll out inflation data for 7th time under new base year series 2024 The July 2026 inflation data is going to be the seventh time that the MoSPI would release inflation figures under the new base year 2024. Till December 2025, the Centre had rolled out figures of the annual percentage rise in prices of goods and services based on the old base year series of 2012. India moved to new base year series for the 1st time in January 2026 India updated the base year for the Consumer Price Index (CPI) to 2024 from the erstwhile 2012, with an aim to provide a more accurate measure of inflation based on current consumption patterns in the country.