# India's retail inflation remains above 7% in June, more rate hikes seen | Reuters

> India's annual retail inflation stayed above 7 percent in June, with food inflation at 7.75 percent. Economists expect further central bank rate hikes at the August policy meeting despite the export curbs on wheat and other foods.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/40460-india-s-retail-inflation-remains-above-7-in-june-more-rate-hikes-seen-reuters
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Persistent food inflation and rate hikes show the macro backdrop in India, but the report does not directly change grain or oilseed supply or prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2026-06-03 | [India's inflation might move higher to 5% in FY27 led by food, energy prices: BoB report - The HinduBusinessLine](https://feedsoft.ai/events/18742-india-s-inflation-might-move-higher-to-5-in-fy27-led-by-food-energy-prices-bob.md) | -2.1% | +1.6% |
| RICE | 2025-08-21 | [Japan core inflation dips to lowest since March as rice prices cool](https://feedsoft.ai/events/11824-japan-core-inflation-dips-to-lowest-since-march-as-rice-prices-cool.md) | -4.4% | -4.4% |
| RICE | 2022-06-23 | [Wild 2022 in grain markets sparks 2008 comparisons \| Reuters](https://feedsoft.ai/events/40978-wild-2022-in-grain-markets-sparks-2008-comparisons-reuters.md) | +0.8% | +4.1% |
| RICE | 2023-01-05 | [Government sees inflation's peak as it misses target for second straight year \| Philstar.com](https://feedsoft.ai/events/12192-government-sees-inflation-s-peak-as-it-misses-target-for-second-straight-year.md) | -0.2% | +1.6% |
| RICE | 2021-04-08 | [Weaker currencies push Indian, Thai rice export rates lower – Journalist Association of India (JAI)](https://feedsoft.ai/events/47686-weaker-currencies-push-indian-thai-rice-export-rates-lower-journalist.md) | -0.0% | +7.3% |
| WHEAT | 2026-06-03 | [India's inflation might move higher to 5% in FY27 led by food, energy prices: BoB report - The HinduBusinessLine](https://feedsoft.ai/events/18742-india-s-inflation-might-move-higher-to-5-in-fy27-led-by-food-energy-prices-bob.md) | -1.1% | +1.1% |
| WHEAT | 2016-12-16 | [Dollar near 14-year highs after Fed tips more rate hikes](https://feedsoft.ai/events/6461-dollar-near-14-year-highs-after-fed-tips-more-rate-hikes.md) | -1.9% | +0.9% |
| WHEAT | 2021-04-30 | [Inflation-tolerant Fed will boost commodity prices \| Reuters](https://feedsoft.ai/events/47512-inflation-tolerant-fed-will-boost-commodity-prices-reuters.md) | -5.5% | -5.0% |

## Sources

- reuters.com: https://www.reuters.com/business/retail-consumer/indias-june-retail-inflation-accelerates-701-yy-govt-2022-07-12/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.